Frax Finance Launches Frax USD Backing Tracker With DefiLlama

John Kim

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Frax Finance Launches Frax USD Backing Tracker With DefiLlama

The page tracks on-chain and off-chain assets backing the dollar stablecoin in real time.

By John Kim

Published Nov 2, 2026, 6:55 PM EST

An unmarked tablet shows paired collateral panels in soft morning light / TokenPost.ai

Frax Finance and DefiLlama launched a page Nov. 2 to track assets backing Frax USD (frxUSD), giving users a real-time view of the dollar stablecoin’s on-chain and off-chain backing.

Frax USD also serves as the dollar side of six local-currency stablecoin markets on Base through AeroXYZ. Each market pairs frxUSD with a separate token.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.