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Frax Finance

Frax Finance

Live
Stablecoin82

DeFi protocol with frxUSD stablecoin backing CUSD on Canton

Upvotes

313

Views

2,171

Score

82

Rank Score

#62

Rank Upvote

#517

Rewards

560.7K CC

as of 22 Jun 2026 · ~$57.9K at today's price

Nodes

1

Rank Rewards

#240

as of 22 Jun 2026

Algorithm Analysis: Frax Finance

82/100
Activity75/100
Maturity86/100
Community81/100
Transparency78/100
Documentation78/100

Frax Finance demonstrates a strong position in the stablecoin market, backed by institutional-grade collateral from BlackRock, which enhances its credibility. While the project has a live product and some community engagement, it could benefit from increased validator presence on the Canton Network to further validate its operational activity. Overall, its solid documentation and institutional backing position it well for future growth.

Last analyzed: Apr 14, 2026

OverviewFeaturesTeamOn-chainFAQConnectedRelated

Frax Finance on Canton

Canton Network validator. frxUSD provides yield-bearing backing for CUSD, a privacy-focused stablecoin co-launched with Brale (issuance) and Send (distribution) in Nov 2025.

About Frax Finance

Frax Finance is a decentralized stablecoin protocol whose frxUSD is backed by BlackRock's BUIDL tokenized Treasury fund. On Canton Network, Frax's frxUSD serves as backing for CUSD, creating a chain of institutional-grade collateral from US Treasuries to Canton's native stablecoin.

Features

What the product does

frxUSD Stablecoin

USD-pegged stablecoin backed by BlackRock BUIDL tokenized Treasury fund

CUSD on Canton

frxUSD backs CUSD, Canton Network's native stablecoin

BlackRock BUIDL Backing

Institutional-grade collateral through BlackRock's tokenized US Treasury fund

DeFi Native

Full DeFi ecosystem including lending, borrowing, and liquidity provision

Frax Finance Team

SK

Sam Kazemian

Founder

Frax Finance On-chain

Validator nodes + featured apps linked to this project
Lifetime totals as of 22 Jun 2026 (round 101,404)

1 Validator
frax-val…1beeb4
560.7K CC~$57.9K at today's price
Total rewards
560.7K CC
~$57.9K at today's price

Frax Finance FAQ

frxUSD is Frax Finance's USD-pegged stablecoin backed by BlackRock's BUIDL tokenized Treasury fund, providing institutional-grade collateral.
Frax's frxUSD serves as the backing for CUSD on Canton Network, creating a bridge from BlackRock's tokenized US Treasuries to Canton's native stablecoin.
Frax Finance was founded by Sam Kazemian. The project has over 103K Twitter followers.

Connected Projects

Frax Finance plays a dual role on Canton: it operates as a network validator and supplies frxUSD as the yield-bearing reserve behind CUSD, a privacy-focused stablecoin launched on Canton in November 2025. CUSD is a three-way collaboration: Brale provides regulated stablecoin issuance infrastructure, Send (which serves >30% of Canton users) provides distribution and consumer UX (passkey signup, gas abstraction), and Frax provides the yield-bearing backing via frxUSD. All revenue generated by CUSD is directed toward purchasing Canton's native asset, aligning Frax economically with the network. Frax has signaled this is the first of several planned stablecoins under the Brale partnership model.