FRAX
Frax stablecoin
A stablecoin issued by Frax Finance — historically fractional, now fully-collateralised in v3.
FRAX v3 (live since 2024) is fully USD-collateralised, primarily by short-duration Treasuries via a partnership with FinresPBC. Sister tokens: sFRAX (yield-bearing), FRAX Ether (frxETH), and the FRAX share token FXS.
See on StableLens
/stablecoins/FRAX — live data, risk grade, and methodology citation.
Related terms
- Fractional stablecoinA stablecoin partially backed by collateral and partially by an algorithmic / market-driven mechanism.
- FXSFrax Share — the governance + value-accrual token of the Frax Finance ecosystem.
- sFRAXFrax's yield-bearing wrapper of FRAX — share-price grows with FRAX protocol revenue, primarily T-bill yield in v3.