Frax Finance Says Frax USD Is 103% Collateralized Across 10 Positions

Frax Finance says its dollar-linked stablecoin Frax USD (frxUSD) is 103% collateralized, with real-time reserve tracking covering 10 positions across eight accounts. Frax Finance and DefiLlama launched a reserve tracker for Frax USD Nov. 2. It displays backing held onchain and offchain. The stablecoin is designed to trade at parity with the U.S. dollar. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.