# Frax Finance Launches Frax USD Backing Tracker With DefiLlama By John Kim Canonical URL: https://www.tokenpost.com/news/business/47059 Published: 2026-11-02T23:55:20.000Z Updated: 2026-11-02T23:55:20.000Z Section: Business > The page tracks on-chain and off-chain assets backing the dollar stablecoin in real time. 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. ## Links in this article - [six local-currency stablecoin markets on Base](https://www.tokenpost.com/news/investing/35129)