Frax USD (FRXUSD) stablecoin analytics
frxUSD is Frax's tokenized-T-bill-backed dollar, minted 1:1 by governance-approved custodians holding BUIDL, USTB, WTGXX, and other tokenized cash-equivalents.
Static Profile
Static stablecoin profile
Frax USD (FRXUSD) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Jun 3, 2026
frxUSD is Frax's tokenized-T-bill-backed dollar minted 1:1 by approved custodians — a RWA do-over without legacy FRAX's depeg history. Where legacy FRAX racked up hundreds of depeg events and a C grade, frxUSD launched clean and reserves it with tokenized cash-equivalents...
AI summary · drafted by claude-opus-4-8 · reviewed by @TokenBrice on Jun 3, 2026 · facts as of Jun 3, 2026
- Collateral
- Tokenized cash-equivalent reserves held by governance-approved enshrined custodians: BlackRock BUIDL (U.S. Treasuries/repos via Securitize), Superstate USTB (T-bills) and USCC (U.S. government securities), Centrifuge JTRSY (T-bills), WisdomTree WTGXX (U.S. government money market), Agora AUSD, and Circle USDC; each custodian mints and redeems frxUSD 1:1 against reserves they hold on-chain
- Peg Mechanism
- 1:1 mint and redemption through governance-approved enshrined custodians; each custodian holds provable on-chain reserves and can mint or burn frxUSD 1:1; redeemable from any custodian with available collateral
- Jurisdiction
- United States
- Proof Of Reserves
- Real-Time PoR by Chaos Labs Reserve source
Snippet Answer
Is FRXUSD safe?
Pharos does not mark FRXUSD as absolutely safe. Static metadata says Frax USD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from Chaos Labs; the main caveat is that issuer or admin freeze controls are recorded. 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 frxusd-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.
FRXUSD quick answers
What is Frax USD (FRXUSD)?
frxUSD is Frax's tokenized-T-bill-backed dollar, minted 1:1 by governance-approved custodians holding BUIDL, USTB, WTGXX, and other tokenized cash-equivalents. The static profile records its US Dollar peg mechanism as: 1:1 mint and redemption through governance-approved enshrined custodians; each custodian holds provable on-chain reserves and can mint or burn frxUSD 1:1; redeemable from any custodian with available collateral
What backs FRXUSD?
Pharos classifies FRXUSD backing as Real-World Asset Backed. Collateral, per the static profile: Tokenized cash-equivalent reserves held by governance-approved enshrined custodians: BlackRock BUIDL (U.S. Treasuries/repos via Securitize), Superstate USTB (T-bills) and USCC (U.S. government securities), Centrifuge JTRSY (T-bills)... Reserve evidence: Real-Time PoR from Chaos Labs.
Can FRXUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for FRXUSD, when applicable, appear in the dossier below.