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Cryptocurrency Q&A Is FRAX pegged to USD?

Is FRAX pegged to USD?

Michele Michele Wed May 29 2024 | 7 answers 1319
Could you please clarify whether FRAX is pegged to the US Dollar? I'm trying to understand the stability mechanisms behind this cryptocurrency and how it maintains its value relative to the traditional fiat currency. Is it designed to always trade at a one-to-one ratio with the USD, or does it have some degree of flexibility in its valuation? Your insights would be greatly appreciated. Is FRAX pegged to USD?
frax pegged usd

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