# Frax Finance Says Frax USD Is 103% Collateralized Across 10 Positions By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/48236 Published: 2026-11-04T04:54:02.000Z Updated: 2026-11-04T04:54:02.000Z Section: Investing > The reported reserve view spans eight accounts. A tracker launched Nov. 2 displays onchain and offchain backing. 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. ## Links in this article - [reserve tracker for Frax USD](https://www.tokenpost.com/news/business/47059)