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)

+0.45%

-3.16%

82.84m

Fraxtal (FXTL)

+0.13%

+11.83%

61.42m

Sonic (S)

+4.53%

-0.33%

-16.57%

6.51m

Optimism (OP)

< 0.0001%

Arbitrum (ARB)

< 0.0001%

Sei (SEI)

< 0.0001%

+69.12%

+39.57%

356,973