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Frax is a pioneering stablecoin project with the goal of creating a fully algorithmic stablecoin. It aims to start as a fully collateralized stablecoin and gradually reduce its collateral through the protocol's on-chain smart contracts as long as its price stability is maintained at $1. The innovation of the Frax Protocol lies in its unique approach to dynamically adjust the collateralization ratios to balance between algorithmic stabilization and collateral backing, testing and adapting to the market's confidence.
Frax USD (FRXUSD) and Staked Frax USD (SFRXUSD) are cryptocurrencies under the Frax brand, both launched in 2025 and built on the Ethereum platform. Frax USD has a fixed supply of 86,430,671, while Staked Frax USD has a fixed supply of 7,425,178, with neither yet in circulation. Frax USD maintains a stable price close to $1, showing minor fluctuations within a range of approximately 0.998 to 1.000 USD, evidencing its stablecoin nature.
Staked Frax USD holds a slightly higher price range, generally between 1.119 and 1.128 USD, reflecting its staked utility. Both tokens are traded across several active markets, with Frax USD notably displaying daily trade volumes reachin...
Frax is a pioneering stablecoin project with the goal of creating a fully algorithmic stablecoin. It aims to start as a fully collateralized stablecoin and gradually reduce its collateral through the protocol's on-chain smart contracts as long as its price stability is maintained at $1. The innovation of the Frax Protocol lies in its unique approach to dynamically adjust the collateralization ratios to balance between algorithmic stabilization and collateral backing, testing and adapting to the market's confidence. Frax USD (FRXUSD) and Staked Frax USD (SFRXUSD) are cryptocurrencies under the Frax brand, both launched in 2025 and built on the Ethereum platform. Frax USD has a fixed supply of 86,430,671, while Staked Frax USD has a fixed supply of 7,425,178, with neither yet in circulation. Frax USD maintains a stable price close to $1, showing minor fluctuations within a range of approximately 0.998 to 1.000 USD, evidencing its stablecoin nature. Staked Frax USD holds a slightly higher price range, generally between 1.119 and 1.128 USD, reflecting its staked utility. Both tokens are traded across several active markets, with Frax USD notably displaying daily trade volumes reaching into the millions, showcasing significant market activity, while Staked Frax USD typically sees lesser trading activity, often with little or no volume. Both Frax USD and Staked Frax USD can be further explored at their official website, [https://frax.com](https://frax.com). The responsiveness and ability to adjust the collateralization ratios dynamically make Frax a significant player in the realm of stablecoins, striving towards becoming fully algorithmic while maintaining the integrity and stability that users desire from a stablecoin.
Frax is a pioneering stablecoin that combines a fractional-reserve model with an algorithmic mechanism. It initially starts with full collateralization and gradually reduces the collateral backing through smart contracts while maintaining price stability at $1. The Frax Protocol dynamically adjusts collateral ratios to test market confidence and achieve stability.
The Frax stablecoin offers users stability and efficiency by dynamically adjusting its collateral ratio based on market conditions. This unique approach seeks to optimize the balance between trust and decentralization, potentially reducing reliance on fiat collateral over time while maintaining a stable $1 value.
Unlike most stablecoins that are either fully collateralized (like USDC) or uncollateralized (like algorithmic stablecoins), Frax combines both approaches. Frax starts fully collateralized and algorithmically reduces collateral as confidence grows, offering a unique balance of security and efficiency, positioning it uniquely in the stablecoin market.
Frax is the first stablecoin that features a dynamically adjusting collateralization ratio. This fractional-reserve model allows it to test the market's confidence continuously, potentially decreasing its reliance on collateral over time while aiming to maintain a stable peg to the US dollar.
As Frax operates on a dynamic collateralization model, users may encounter volatility during periods of market stress. However, mechanisms are in place to stabilize the price at $1. Users need to be aware of such dynamics while planning their transactions and investments.
Frax aims to become the first fully algorithmic stablecoin by progressively reducing collateral dependency. This vision involves a gradual shift towards a more decentralized currency model, ensuring price stability through market-proven confidence rather than collateral, thereby revolutionizing the stablecoin ecosystem.
Frax introduces the first fractional-algorithmic stablecoin, FRAX, blending algorithmic mechanisms with collateral for a stable peg. Its ecosystem includes DeFi services like Fraxlend, Fraxswap, and the inflation-adjusted FPI, driven by governance tok...
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