Frax USD
FRXUSD
Frax USD is a US dollar-pegged stablecoin from the Frax ecosystem. FRXUSD is designed as a dollar-denominated on-chain asset for transfers, liquidity, and DeFi use, with the broader Frax protocol focused on stable assets, lending, and liquidity infrastructure. It is part of Frax's stablecoin stack alongside other Frax ecosystem dollar products.