If had 's mcap →
FRXUSD needs a 647x move to match USDC's valuation
Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol.
USDC is a fully collateralized US dollar stablecoin.
FOR CONTEXT
$72.89B compared to the worldAbout this comparison
This page compares the market capitalizations of Frax USD (FRXUSD) and USDC (USDC). With Frax USD currently at $0.9997 per coin and a market cap of $112.72M, and USDC at $0.9998 with a market cap of $72.89B, applying USDC's market cap to Frax USD's circulating supply produces a hypothetical FRXUSD price of $646.44 — a 647x move from current.
Frax USD: Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol.
USDC: USDC is a fully collateralized US dollar stablecoin.
All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.
Frequently asked
If Frax USD had USDC's market cap, what would the price be?
If Frax USD (FRXUSD) had USDC's (USDC) current market cap of $72.89B, each FRXUSD would be worth approximately $646.44 based on the circulating supply of 112,755,915 FRXUSD. That is 647x the current FRXUSD price of $0.9997.
What is the current market cap of Frax USD?
Frax USD (FRXUSD) currently has a market cap of $112.72M, ranking #241 by market capitalization. Each FRXUSD trades at $0.9997.
What is the current market cap of USDC?
USDC (USDC) currently has a market cap of $72.89B, ranking #5 by market capitalization. Each USDC trades at $0.9998.
How does FRXUSD compare to USDC?
Frax USD's market cap of $112.72M sits far above USDC's $72.89B. For FRXUSD to reach USDC's current valuation, the price would need to move 647x from its current level.
Is this comparison financial advice?
No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Frax USD's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.