Frax
Fully exogenously-collateralized stablecoin (v3) backed by USDC, sFRAX, and T-bill AMO positions.
FRAX across four dimensions
Holder Concentration is not yet measured to our standard, so no concentration figure is published. 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 protocol-owned (AMO/treasury) FRAX
FRAX · Frax Finance
Outstanding supply (USD)
FRAX quality rating since coverage began
FRAX · Stablecoin Quality Rating
Composite rating (0–100)
Where this instrument lives onchain
Supply scope: Onchain total supply; includes protocol-owned (AMO/treasury) FRAX
Where coverage is incomplete — and what could narrow it
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 ↗