Frax USD token
Overview
Frax has launched frxUSD, a dollar-pegged stablecoin now live on over twenty blockchains. The issuer says the token is fully collateralised by tokenised US Treasury assets held in bankruptcy-remote structures and managed by BlackRock, Superstate and WisdomTree. Users can mint or redeem frxUSD at par with US dollars. Holders may either keep the token to earn yield derived from the underlying Treasuries or stake it for sfrxUSD, a version that accrues yield over time. On-ramp options include USDC and tokenised Treasury products such as BUIDL, USTB and WTGXX, accessed through FraxNet. Frax also releases periodic reserve balance sheets and transparency reports.
Within The Counterparty graph, Frax USD connects to 30 tracked entities, most strongly to Ethereum, Solana, Arbitrum.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 30 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Solana | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Base | 95% |
deployed_on | Polygon | 95% |
deployed_on | Avalanche | 95% |
deployed_on | BSC | 95% |
deployed_on | Linea | 95% |
deployed_on | OP Mainnet | 95% |
deployed_on | Blast | 95% |
Frequently asked questions
What is Frax USD?
Frax USD is a stablecoin tracked in The Counterparty knowledge graph. It is connected to 30 other tracked entities, most strongly to Ethereum, Solana, Arbitrum.
What type of entity is Frax USD?
Frax USD is classified as a stablecoin (token) in The Counterparty knowledge graph.
What is Frax USD connected to?
In The Counterparty knowledge graph, Frax USD is linked to 30 other tracked entities, most strongly to Ethereum, Solana, Arbitrum.
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.