Digital Currency
Add as a preferred source on GoogleA tracker launched with DefiLlama on Nov. 2 covers 10 reserve positions held in eight accounts.
Frax Finance says reserves for Frax USD (frxUSD) equal 103% of the stablecoin’s value, and a live tracker launched Nov. 2 shows backing across onchain and offchain accounts.
Frax Finance and DefiLlama launched the tracker. Its dashboard lists 10 reserve positions held in eight accounts, covering both onchain and offchain backing.
At the reported ratio, collateral is valued 3% above the stablecoin’s value. Frax USD is intended to maintain a one-to-one value with the U.S. dollar.
Tracked on-chain transfers reached $10.09 trillion over 30 days, up 38.53% from the preceding month.
The market totaled $291.2 billion after the monthly contraction. The median supply decline among stablecoins with more than $100 million in circulation was 1%.
Safirum says reserves at two banks match the token supply, and transfers carry a capped fee plus network costs.
