Frax (FRAX) stablecoin analytics
FRAX is Frax's dollar stablecoin, backed by protocol-owned stable liquidity, tokenized cash/T-bill/MMF assets, and strategy exposure.
Static Profile
Static stablecoin profile
Frax (FRAX) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Jun 3, 2026
FRAX abandoned its fractional-algorithmic origins to become a tokenized T-bill basket — clean reserves, scarred history, awkward middle ground. Frax abandoned its pioneering fractional-reserve algorithm and went full TradFi: the balance sheet is now anchored by Superstate USTB...
AI summary · drafted by claude-opus-4-8 · reviewed by @TokenBrice on Jun 3, 2026 · facts as of Jun 3, 2026
- Collateral
- Frax balance-sheet assets include protocol-owned FRAX, frxUSD, sFRAX, and sfrxUSD liquidity; tokenized cash, T-bill, and money-market assets such as WTGXX, USTB, and BUIDL; plus smaller USDe and other strategy or volatile exposures.
- Peg Mechanism
- AMO smart contracts maintain ≥100% collateral ratio; peg tracked via Chainlink oracles and governance-approved USD reference rates; defended by recollateralization through RWA purchases and on-chain AMO rebalancing
- Jurisdiction
- United States
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is FRAX safe?
Pharos does not mark FRAX as absolutely safe. Static metadata says Frax uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety frax-frax
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 3, 2026.
FRAX quick answers
What is Frax (FRAX)?
FRAX is Frax's dollar stablecoin, backed by protocol-owned stable liquidity, tokenized cash/T-bill/MMF assets, and strategy exposure. The static profile records its US Dollar peg mechanism as: AMO smart contracts maintain ≥100% collateral ratio; peg tracked via Chainlink oracles and governance-approved USD reference rates; defended by recollateralization through RWA purchases and on-chain AMO rebalancing
What backs FRAX?
Pharos classifies FRAX backing as Real-World Asset Backed. Collateral, per the static profile: Frax balance-sheet assets include protocol-owned FRAX, frxUSD, sFRAX, and sfrxUSD liquidity; tokenized cash, T-bill, and money-market assets such as WTGXX, USTB, and BUIDL; plus smaller USDe and other strategy or volatile exposures. Reserve evidence: live reserve feed configured.
Can FRAX be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for FRAX, when applicable, appear in the dossier below.