Explore the Frax USD stablecoin (FRXUSD), a peggedUSD asset designed for #stablecoin #web3 #rwa.
Frax USD (FRXUSD) Stablecoin Overview
These digital assets offer price stability while enabling on-chain finance.
They power payroll and cross-border payments
Smart contract platforms drive demand for programmable dollar assets.
Stablecoins support the bridging of TradFi and DeFi.
Reliable oracles are essential for stablecoin peg maintenance.
Instead of 0x addresses, users can send to MFA.ETH or RWA.SOL.
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Cross-chain bridges like Portal and LayerZero move stablecoins across networks.
Stablecoins are gaining traction with regulators and fintech.
Ethereum platforms like Aave and Curve build around stETH and rETH.
USDC and DAI already act as programmable dollars across the web.
They are programmable financial primitives.
From Web3 to RWAs, Frax USD powers the programmable dollar economy.
DollarAPI.com offers Stablecoin Dollar APIs built for mission-critical financial systems.
Used across exchanges, wallets, and DeFi apps, DollarAPI provides real-time oracle feeds and stablecoin tracking tools for developers.
Explore resources on real-world asset tokenization, Web3 stablecoins, and virtual assets in crypto finance.
Overview of the Frax USD Stablecoin (FRXUSD)
Frax USD is a stablecoin designed to maintain parity with the U.S. dollar.
It operates across the following blockchains: Ethereum, Sonic, Optimism, Arbitrum, Mode, X Layer, Ink, Avalanche, BSC, Polygon, Blast, Polygon zkEVM, Metis, Fraxtal, Sei
With a market cap of $197440364.9, this asset is a key player in the digital currency ecosystem.
Pegging & Stability
- Peg Type: peggedUSD
- Mechanism: fiat-backed
Resources
API Data Access
Live price feeds and analytics for Frax USD are available through DollarAPI.com, the industry leader in Stablecoin Dollar APIs.
Developers and platforms rely on DollarAPI to track stablecoin metrics, oracles, and multichain activity in Web3 and DeFi ecosystems.
