Frax
Fully exogenously-collateralized stablecoin (v3) backed by USDC, sFRAX, and T-bill AMO positions.
Deployment
Supply scope: Onchain total supply; includes ~$83M protocol-owned (AMO/treasury) FRAX
0x853d955aCEf822Db058eb8505911ED77F175b99e
FRAX across four dimensions
Holder Concentration is not published for this instrument — its holder base is too large or too widely distributed to measure to ground truth. The composite reflects the three measured dimensions, renormalized.
Signal readings
- Top-10 holder pct
- Withheld
Custody & backing fields are descriptive — published, not scored
FRAX supply over time
Supply scope: Onchain total supply; includes ~$83M protocol-owned (AMO/treasury) FRAX
FRAX · Frax Finance
Outstanding supply (USD)
FRAX outstanding supply is $219.32M as of Aug 25, 2026. -1.1% over the prior 30 days. (Onchain total supply; includes ~$83M protocol-owned (AMO/treasury) FRAX.)
FRAX trust rating since coverage began
FRAX · Stablecoin Quality Rating
Composite rating (0–100)
FRAX rating is 29 as of Aug 26, 2026. +1 points over the prior 30 days.
What closes the gap — and who closes it
gap:liquidity
No redemption liquidity data available at time of scoring run.
This gap is re-checked on every scoring run and will close once verifiable data is available.
Contract address verified on Ethereum: (primary deployment)
Address confirmed active onchain.
Score impact: Confirms onchain existence; feeds custody_verification sub-signal
- ·Top-10 holders control 93.31% of supply (after excluding protocol-controlled addresses).
- ·1 protocol-controlled address excluded from concentration calculation.
- ·Concentration track: retail_facing.
Holder snapshot refreshes on a rolling basis and may be up to 36 hours old.
Score impact: Top-10 at 93.31% feeds holder_concentration sub-signal
FRAX is scored across the same four dimensions as every other rated instrument in its class — Reserve Quality, Redemption Depth, Holder Concentration, and Transparency. Each dimension contributes up to 25 points. The dimension breakdown above shows where the score comes from; the diligence trail shows every verified fact behind it.
Read the full methodology →