frxUSD-NZD price

frxUSD is a stablecoin that tracks the price of the US dollar. It is fully collateralized by institutional-grade tokenized U.S. treasury bonds.

Right now, 1 frxUSD is worth NZ$ .

Right now, 1 New Zealand dollar is equal to frxUSD.

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 frxUSD's safety, read its rating on bluechip.org.

The frxUSD 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 frxUSD to deviate from the US dollar price for various technical or market reasons.

You never store frxUSD in itself. Instead, you store the private key giving you access and control over a frxUSD 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 frxUSD, 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 frxUSD with us here by sending us bank transfers in NZD, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy frxUSD.

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

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