FRAX icon MXN icon

FRAX-MXN price

MXN

Price updated every 2 minutes.

FRAX to MXN converter

FRAX icon

About FRAX

Name

Ticker

Circulating supplyQuestion mark circle icon

Maximum supplyQuestion mark circle icon

Launch date

RatingQuestion mark circle icon

FRAX

FRAX

No limit

16 Dec 2020

by Bluechip

Website

White paperQuestion mark circle icon

GithubQuestion mark circle icon

PegQuestion mark circle icon

CollateralQuestion mark circle icon

frax.finance

PDF (8 pages)

link

US dollar

Crypto reserve


FRAX market info

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High (24h)

Low (24h)

Price cChange (24h)

Price cChange (7d)

Price cChange (30d)

MXN

MXN

%

%

%

Market capQuestion mark circle icon

Volume (24h)

All-time high

ATH date

All-time low

MXN

MXN

MXN (%)

MXN

FRAX FAQ

Find below the answers to the most common questions about the FRAX stablecoin. When available, we give you links to in-depth articles for further reading.

FRAX is a stablecoin that tracks the price of the US dollar. Initially, it was partially backed by collaterals and partially stabilized by an algorithm, but today it switched to a fully collateralized model.


Right now, 1 FRAX is worth MXN .


Right now, 1 Mexican peso is equal to FRAX.


A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.


For a detailed analysis of FRAX's safety, read its rating on bluechip.org.


The FRAX stablecoin is designed to follow the price of the US dollar, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the FRAX to deviate from the US dollar price for various technical or market reasons.

You never store FRAX in itself. Instead, you store the private key giving you access and control over a FRAX address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.


To send FRAX, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!


You can buy FRAX with us here from Mexico by sending us bank transfers in MXN, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy FRAX.


You can swap FRAX here against one of the cryptocurrencies that we support, using any self-custodial FRAX wallet. For more information, have a look at our step-by-step tutorial on how to swap FRAX.


To cash out FRAX with us, you simply need to transfer your crypto to our address. We'll convert your FRAX in MXN, then transfer the funds to your bank account in Mexico. For more information, have a look at our step-by-step tutorial on how to sell FRAX.

FRAX-MXN conversion table

FRAX iconFRAXMXN iconMexican peso
1 FRAX=
5 FRAX=
10 FRAX=
15 FRAX=
25 FRAX=
50 FRAX=
100 FRAX=
1,000 FRAX=
10,000 FRAX=
100,000 FRAX=
1,000,000 FRAX=
MXN iconMexican pesoFRAX iconFRAX
1 MXN=
5 MXN=
10 MXN=
15 MXN=
25 MXN=
50 MXN=
100 MXN=
1,000 MXN=
10,000 MXN=
100,000 MXN=
1,000,000 MXN=

FRAX price in other currencies

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