Frax USD

FRXUSD

$1.12

-0.09%

Frax USD price

Not enough price history for this period yet.

Where to buy

Finst

Finst

€20 free Bitcoin

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Bitvavo

Bitvavo

€10K fee-free trading

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Buy Frax USD with iDEAL or Wero

Buy Frax USD easily with iDEAL or Wero through regulated exchanges that comply with European crypto legislation (MiCA). The exchanges below hold the required licences and are supervised by authorities such as the Dutch Authority for the Financial Markets (AFM):

How do I buy Frax USD?

Buying Frax USD through a regulated crypto exchange is straightforward and secure:

  1. Create an account: Sign up with a trusted exchange or broker of your choice.
  2. Verify your identity (KYC): Under EU law, a one-time identity check is mandatory.
  3. Deposit euros: Use your preferred payment method, such as iDEAL or Wero, to fund your account.
  4. Buy Frax USD: Go to the Frax USD page on the exchange and place your order.

Keep in mind that crypto prices are volatile and transaction fees always apply. After your purchase, Frax USD appears in your exchange wallet. You can keep assets there to trade, or withdraw to your own (hardware) wallet for extra security.

Frax USD margin trading

Want more exposure from your position? On exchanges such as Bitvavo you can trade Frax USD on margin. Trading with borrowed assets increases your position size, but the risks are higher: with margin trading you can lose your stake faster than with spot trading.

Frequently asked questions about Frax USD

Answers auto-summarised from live price and sentiment data for Frax USD.

Frax USD (FRXUSD) is a stablecoin designed to maintain a soft peg to the US dollar. It operates on a fractional-algorithmic model, meaning it uses both collateral and algorithmic mechanisms to stabilize its price.

The current price of Frax USD is $0.9980. This value fluctuates based on market dynamics and the stability mechanisms of the Frax protocol.

Frax USD has seen a price change of +0.03% over the past 24 hours. This indicates recent market activity and potential shifts in supply and demand.

The all-time high for Frax USD is $1.08. This represents the highest price it has reached since its inception.

Frax USD has a market capitalization of $102,560,762.87 and is currently ranked {{market_cap_rank}}. These metrics reflect its overall market presence and value relative to other cryptocurrencies.

The news sentiment for Frax USD over the past 24 hours is neutral. This is based on an analysis of recent news coverage and social media discussions.

Last refreshed:

Sentiment history FRXUSD

Last 7 days · hourly

Warning: last measurement is older than 4 hours (last update: —).

About Frax USD

Frax USD (FRXUSD) is a decentralized stablecoin designed to maintain a stable value pegged to the US dollar. Its primary objective is to serve as a reliable digital medium of exchange within the cryptocurrency ecosystem. Frax Finance was founded by Sam Kazemian, Jason Goldberg, and Jordan Lyall. Frax USD employs a unique "hybrid" model. This innovative approach combines fully collateralized mechanisms, similar to traditional stablecoins, with an algorithmic component. The algorithmic aspect dynamically adjusts the issuance and redemption of FRXUSD to maintain price stability in response to market demand, thereby offering a flexible stablecoin solution.

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Latest news on Frax USD

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