Minting and RedemptionFrax USD uses a hybrid model that allows for governance-approved enshrined custodians to mint/redeem the stablecoin by holding cash-equivalent reserves while also having onchain mechanisms built by the Frax Finance Protocol

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Name

Bridge

Ethereum (ETH)

< 0.0001%

+3.25%

-16.93%

63.62m

Fraxtal (FXTL)

+0.01%

+6.39%

62.7m

Sonic (S)

+1.73%

+19.28%

-72.62%

1.96m

Sei (SEI)

+0.04%

-33.09%

-38.23%

218,488

BSC (BNB)

+2.84%

+1528%

+2002%

18,118

OP Mainnet (OP)

-0.01%

+6.37%

+6.81%

2,569