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⚡ Market Signals
Frax USD is consolidating near current levels with a +0.2% change over 24 hours. No recent development commits have been recorded, which may warrant attention.
$111.4M
Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol. It operates using a hybrid model where governance-approved enshrined custodians mint and redeem frxUSD backed by cash-equivalent reserves, while advanced onchain mechanisms developed by the F...