Frax Finance
About
Empower Your Financial Future with Digital Dollars
Frax is a U.S.-based fintech innovating open, stable, and borderless digital money. It offers frxUSD, a fully backed digital dollar powered by U.S. Treasuries with partners like BlackRock; the Fraxtal Blockchain, an Ethereum-compatible network optimized for stablecoin scalability and real-time payments; and FraxNet, a non-custodial platform for minting, redeeming, and earning yield on frxUSD. Frax empowers institutions and fintechs with secure, compliant digital dollar access.
Use Cases
Institutional Treasury Management
Institutions can use frxUSD for secure, yield-generating digital dollar holdings backed by US Treasuries.
Cross-Border Payments
Businesses can leverage Fraxtal blockchain's low-cost, high-speed transactionsfor efficient international money transfers.
DeFi Yield Farming
Retail users can mint or redeem frxUSD on FraxNet and earn competitive APYdirectly in their wallets.
Fintech Wallet Integration
Fintechs can integrate FraxNet for seamless, compliant access to digital dollars and stablecoin payment rails.
Key Features
Frax Ecosystem
- frxUSD is fully backed by tokenized U.S. Treasury assets.
- Frax aims to create an open financial system accessible worldwide.
- Frax utilizes the Fraxtal Blockchain, an EVM Layer 1, for scalability andminimal fees.
- Frax employs a non-custodial platform (FraxNet) for minting, redeeming, andearning APY on frxUSD.
- Frax is developing stablecoin infrastructure for the next generation offinance.
frxUSD Stablecoin
- frxUSD is a digital dollar fully backed by tokenized U.S. Treasury funds.
- Users can earn 4.1% APY on frxUSD by holding it in a non-custodial wallet.
- frxUSD can be minted using USDC, bank wires, or tokenized treasuries.
- frxUSD is designed to be secure, stable, and scalable.
- frxUSD is powered by industry leaders like BlackRock and Superstate.
Headquarters
🇺🇸 Las Vegas, Nevada
Website
frax.com
4.1%
APY on frxUSD stablecoin
EVM Layer 1
Fraxtal Blockchain type
