FRAX-USDC
FRAXsource: StableLens reference & flow dataReport incorrect data
Frequently asked
Is FRAX-USDC FDIC or SIPC insured?
No. FRAX-USDC is a crypto earn product, not a bank deposit — the FRAX is held and deployed by joe-v2.1, so it is not FDIC- or SIPC-insured and the yield is variable, not guaranteed.
Where does the ~43% yield come from?
FRAX-USDC deploys the deposited FRAX to generate the rate; it is variable, not fixed.
Is FRAX safe?
FRAX scores C+/57 on StableLens compliance. That is a methodology classification, not a guarantee — see the FRAX report for reserves, attestations, and peg history.
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