frxUSD has integrated Chaos Proof of Reserves for independent onchain monitoring and real-time reserve verification across all deployments. This integration provides a unified crosschain view of frxUSD supply, asset backing and collateralization conditions.
Check out the frxUSD PoR Dashboard
Why This Matters
frxUSD is a fully collateralized stablecoin issued by Frax Finance. It is backed 1:1 and is an institutional-grade tokenized US cash equivalent with reserves held by regulated U.S. custodians, including BlackRock, Superstate and WisdomTree.
As frxUSD expands cross-chain through the LayerZero OFT standard, integrated markets require transparent collateral data and timely solvency information that they can verify onchain.
Chaos Proof of Reserves publishes independent attestations of frxUSD backing and provides verifiable metrics that downstream protocols can ingest directly, including:
- Crosschain supply vs reserve validation
- Independent collateralization attestations
- Live dashboards with real-time and historical views
These signals allow users and protocols to track frxUSD’s solvency conditions directly onchain.
Explore the dashboard: https://oracles.chaoslabs.xyz/por-feeds/frxusd_por