Stablecoins
Frax USD (FRXUSD)
Data as of 3 October 2026 · Official site
Frax USD (FRXUSD) is a fiat-backed stablecoin pegged to the US dollar, issued across 26 chains. On 3 October 2026 its circulating supply was $103.0M, down 4.8% over 30 days, which places it 48th of 48 stablecoins tracked here. DefiLlama prices it at $1.0000. Supply is what the issuer has outstanding. It is not a measure of reserves, and a steady supply figure says nothing on its own about whether the peg is holding.
- Circulating supply$103.0M
- 30-day change−4.8%
- PegUS dollar
- Mechanismfiat-backed
Circulating supply, over time
Among stablecoins
| # | Stablecoin | Circulating supply |
|---|---|---|
| 1 | Tether (USDT) | $184.0B |
| 2 | USD Coin (USDC) | $74.2B |
| 3 | Sky Dollar (USDS) | $6.8B |
| 4 | Ethena USDe (USDe) | $4.9B |
| 5 | Dai (DAI) | $4.8B |
| 6 | World Liberty Financial USD (USD1) | $4.4B |
| 7 | Global Dollar (USDG) | $3.1B |
| 8 | PayPal USD (PYUSD) | $2.9B |
| 9 | Ripple USD (RLUSD) | $2.5B |
| 10 | Circle USYC (USYC) | $2.4B |
| 11 | BlackRock USD (BUIDL) | $2.2B |
| 12 | Ondo US Dollar Yield (USDY) | $2.2B |
| 13 | United Stables (U) | $1.6B |
| 14 | USDD (USDD) | $1.5B |
| 15 | Falcon USD (USDf) | $1.5B |
| 16 | USDGO (USDGO) | $1.2B |
| 17 | GHO (GHO) | $698.5M |
| 18 | Open USD (OUSD) | $666.2M |
| 19 | Usual USD (USD0) | $546.0M |
| 20 | EURC (EURC) | $536.1M |
| 21 | Ethena USDtb (USDTB) | $533.6M |
| 22 | YLDS (YLDS) | $512.2M |
| 23 | Polymarket USD (pUSD) | $489.8M |
| 24 | Multipli rwaUSDi (rwaUSDi) | $487.4M |
| 48 | Frax USD (FRXUSD) | $103.0M |
Supply by chain
| Chain | USD |
|---|---|
| Ethereum | $81.1M |
| Fraxtal | $15.3M |
| Stable | $3.9M |
| Sonic | $982K |
| Polygon | $468K |
| Solana | $359K |
| Base | $359K |
| OP Mainnet | $355K |
| Hyperliquid L1 | $43K |
| BSC | $13K |
| Sei | $8K |
| Avalanche | $7K |
| Katana | $4K |
| Linea | $3K |
| Arbitrum | $3K |
| Unichain | $2K |
| Ink | $1K |
| X Layer | $182 |
| Scroll | $105 |
| Plume Mainnet | $101 |
| Tempo | $45 |
| Berachain | $23 |
| Movement | $15 |
| Abstract | $15 |
| Mode | $13 |
Issuer disclosures recorded by DefiLlama
Frax 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
Price on the snapshot date: $1.0000. Chains: 26.
Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.