frxUSD

Frax USD Price Today & AI Analysis

frxUSD
Ethereum·AI Analysis
Analysis as of Sep 2, 2026

$1.01

+0.95%24h
LiveContract:0xcacd6fd266af91b8aed52accc382b4e165586e29Chain:EthereumHolders:1.9KMarket cap:$111.42MLiquidity:$8.96M

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Sentiment, KOL mentions, top tweets

Whale activity

Who is accumulating or distributing

What are the risks?

Red flags, security, concentration

Should I buy?

Bull case, bear case, entry / exit

Movement since reportreport from Sep 2, 2026, 05:30 PM UTC
Market Cap

$111.42M

24h Volume

$1.27M

Liquidity

$8.96M

FDV

—

Holders

1.9K

24HLoading trading activity…

Holder Insights

Live

Total holders

—

AI Executive Summary

Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by Frax Finance, operating on Ethereum with a circulating supply of approximately 97.6 million tokens and a market cap of roughly $111.4 million. The token is 90 days old and trades on Curve, where it maintains near-peg pricing with 91-day OHLC data showing a tight daily volatility of 0.9% and a range of $0.9816–$1.05. Current trading activity shows strong buy-side dominance (76.5% buy pressure) and $8.96M in liquidity, suggesting healthy short-term demand. The primary analytical uncertainty lies in the unclassified top-10 holder concentration (72.9%) and the absence of contract-security and whale-transaction data from this chain's provider.

Figures cited above are from the market snapshot taken when this analysis ran — Sep 2, 2026, 05:30 PM UTC. Live values may differ; the key facts at the top of the page are current.

Risk: low
Sentiment: bullish
Hybrid collateral model using governance-approved enshrined custodians backed by cash-equivalent reserves, distinguishing it from purely algorithmic or over-collateralized stablecoins
Issued by Frax Finance, an established DeFi protocol with a track record of stablecoin innovation, providing institutional credibility relative to anonymous or new issuers
Deployed on Curve, the dominant stablecoin DEX, giving frxUSD access to deep, battle-tested liquidity infrastructure optimized for low-slippage stable swaps

Frax USD AI Price Analysis

High Confidence
Short-Term24h-7d
Neutral

frxUSD is a fully-collateralized stablecoin and its 7-day, 30-day, and 90-day trend changes are all effectively 0.0%, confirming that price stability is the design objective rather than appreciation. The current price of $0.9997 sits at 27% of the 91-day range ($0.9816–$1.05), indicating the token is trading near its peg with no directional momentum. Short-term price action is expected to remain tightly bound around $1.00.

Medium-Term30d-90d
Neutral

Over a 30–90 day horizon, frxUSD's design as a fiat-redeemable, fully-collateralized stablecoin means price is structurally anchored to $1.00. The 91-day OHLC history shows daily volatility of only 0.9% and a range of $0.9816–$1.05, with the extreme deviations representing transient depeg events rather than sustained trends. The medium-term outlook is for continued peg maintenance barring a systemic collateral or protocol failure.

Bullish Factors
  • +Strong buy-side dominance: 76.5% buy pressure ($968,921 buy volume vs. $296,960 sell volume in 24h) suggests net demand for frxUSD, supporting peg from below
  • +Circulating supply of ~97.6M frxUSD against a market cap of ~$111.4M implies the token is trading at a slight premium to par ($1.014 spot vs. $1.00 peg), reflecting active demand
  • +Liquidity of ~$8.96M on Curve provides meaningful depth relative to the 24h total volume of ~$1.27M, reducing depeg risk from large single trades
Bearish Factors
  • -The 91-day range low of $0.9816 demonstrates that frxUSD has experienced a meaningful depeg event (roughly 1.8% below peg) within the observation window, showing the peg is not unconditional
  • -Top 10 holders control 72.9% of supply, and without per-wallet classification data it cannot be confirmed whether these are protocol/exchange contracts or individual actors, leaving concentration risk partially unresolved
  • -Total holder count of only 1,857 wallets for a ~$111M market cap stablecoin is low, indicating limited organic retail distribution and potential fragility if large holders exit simultaneously

Disclaimer: This AI-generated prediction is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile. Always conduct your own research.

frxUSD call history

Full track record →
Sep 2neutral
24hpending
7dpending
30dpending

Calls are recorded the moment the analysis is generated and scored automatically against the market price 24h, 7d and 30d later — hits and misses alike, never edited.

Token Info

ChainEthereum
Contract0xcacd...6e29
Total Supply—
Decimals—

Key Risks

•Custodian counterparty risk: frxUSD's full collateralization depends on governance-approved enshrined custodians holding cash-equivalent reserves; a custodian failure, fraud, or regulatory seizure could impair redemptions and trigger a depeg
•Concentration risk with incomplete data: 72.9% of supply in the top 10 holders cannot be fully classified without per-wallet data; if a meaningful share is held by individual actors rather than protocol contracts, coordinated exits could stress the Curve pool liquidity
•Early-stage adoption fragility: at 90 days old with only 1,857 holders and ~$8.96M in DEX liquidity, frxUSD lacks the deep liquidity moat of more established stablecoins, making it more vulnerable to stress events during its growth phase

Trading Insight

bullish

Trading sentiment is moderately bullish based on a 76.5% buy pressure ratio and 107 buy transactions versus only 22 sell transactions in the past 24 hours. The 4-hour window reinforces this skew with 30 buys and just 2 sells, and the most recent 1-hour window shows 4 buys and zero sells. For a stablecoin, this sustained buy-side dominance is meaningful as it reflects net demand for frxUSD rather than speculative momentum.

AI-generated insight. Not financial advice.

Frequently Asked Questions

Trend Analysis

Short-Term (7d):
Neutral
Medium-Term (30d):
Neutral

All three trend windows — 7-day, 30-day, and 90-day — show 0.0% change, confirming that frxUSD exhibits no directional price trend across any measured timeframe. This is structurally expected for a fully-collateralized stablecoin and reflects successful peg maintenance rather than market indecision. The 91-day daily close sequence ($0.9999 through $1.03) shows only transient deviations from $1.00, all of which self-corrected.

Momentum

Status:
Neutral

With daily volatility of 0.9% and a flat multi-window trend, momentum indicators would register as neutral for frxUSD. The current price at 27% of the 91-day range ($0.9816–$1.05) places it in the lower half of the observed band, slightly below the recent $1.02–$1.03 closes seen in the most recent OHLC data, suggesting no upward momentum pressure.

Volume Analysis

Buy 76.5%Sell 23.5%

Volume Trend: Stable

24-hour volume of ~$1.27M is consistent with a stablecoin used primarily for DeFi liquidity rather than speculative trading. The 76.5% buy pressure is the most informative volume signal, indicating net demand. Volume data beyond the 24-hour window is not available, so a longer-term volume trend cannot be established.

Recent Price Action

The 14 most recent daily closes show frxUSD oscillating tightly around $1.00, with two brief excursions to $1.02–$1.03 in the middle of the sequence before returning to peg. The current close of $0.9997 is at the lower boundary of the normal trading band.

This mean-reverting pattern around $1.00 is the hallmark of a functioning collateralized stablecoin. The $1.02–$1.03 spikes likely reflect temporary liquidity imbalances in the Curve pool that were arbitraged back to peg, confirming the redemption mechanism is operative.

Key Price Levels

Support
Immediate$0.9996
Major$0.9816
Resistance
Immediate$1.00
Major$1.05

The immediate support at $0.9996 and immediate resistance at $1.00 define the normal operating band for frxUSD — a spread of just 0.04 cents reflecting tight peg maintenance. The major support at $0.9816 marks the deepest depeg observed in the 91-day OHLC history (approximately 1.84% below peg), representing a stress-test floor. The major resistance at $1.05 captures the highest premium recorded, likely a brief liquidity-driven spike. For a stablecoin, breaching major support ($0.9816) would be a significant protocol stress signal, while sustained trading above $1.01 represents an arbitrage opportunity against direct redemption.

Overall Risk:
Low
22/100

Risk Breakdown

Volatility
Low

Daily volatility of 0.9% and a 91-day trend of 0.0% across all windows confirm that frxUSD exhibits stablecoin-appropriate price stability. The 91-day range of $0.9816–$1.05 shows the maximum observed deviation is approximately 1.8% below and 5% above peg, both of which are within acceptable bounds for a collateralized stablecoin.

Liquidity
Medium

Total liquidity of ~$8.96M on Curve is adequate for the current 24h volume of ~$1.27M (roughly 7:1 liquidity-to-volume ratio), but is modest relative to the ~$111.4M market cap. Large single redemptions or coordinated exits could cause temporary price dislocations in the Curve pool, though the direct custodian redemption mechanism should provide a backstop.

Concentration
Medium

The top 10 holders control 72.9% of the ~97.6M frxUSD supply. For a stablecoin, a significant portion of this is likely held in Curve liquidity pool contracts and protocol treasuries rather than by individual actors. However, per-wallet classification data is unavailable, so the dumpable share cannot be precisely quantified, warranting a medium rather than low rating.

Smart Contract
Medium

No contract-security data is available from this chain's data provider, so this is an uninformed default rather than an assessment. Frax Finance's established protocol history provides qualitative comfort, but the absence of verifiable audit or vulnerability data prevents a low rating.

Regulatory
Medium

Fiat-redeemable stablecoins backed by cash-equivalent reserves are increasingly subject to regulatory scrutiny globally, including potential licensing requirements for custodians and reserve attestation mandates. The enshrined custodian model may face compliance obligations that could affect operations in certain jurisdictions.

Key Risks

  • •Custodian counterparty risk: frxUSD's full collateralization depends on governance-approved enshrined custodians holding cash-equivalent reserves; a custodian failure, fraud, or regulatory seizure could impair redemptions and trigger a depeg
  • •Concentration risk with incomplete data: 72.9% of supply in the top 10 holders cannot be fully classified without per-wallet data; if a meaningful share is held by individual actors rather than protocol contracts, coordinated exits could stress the Curve pool liquidity
  • •Early-stage adoption fragility: at 90 days old with only 1,857 holders and ~$8.96M in DEX liquidity, frxUSD lacks the deep liquidity moat of more established stablecoins, making it more vulnerable to stress events during its growth phase

Mitigating Factors

  • •Frax Finance's established protocol governance and multi-year DeFi track record provide institutional credibility and a tested framework for managing stablecoin stability mechanisms
  • •Deployment on Curve with $8.96M liquidity and a 76.5% buy pressure ratio indicates active, demand-driven usage rather than speculative or abandoned token dynamics

Investor Suitability

frxUSD is most suitable for DeFi participants seeking a stable, yield-bearing asset within the Frax Finance and Curve ecosystems — particularly those comfortable with the enshrined custodian trust model. It is not suitable for investors seeking price appreciation. Those with large positions should be aware of the current liquidity depth relative to market cap and the unresolved concentration data.

frxUSD's investment thesis is not predicated on price appreciation but on its utility as a stable, DeFi-native liquidity instrument backed by Frax Finance's established protocol infrastructure. The core question for holders is whether the enshrined custodian model and Frax governance provide sufficient trust guarantees relative to competing stablecoins. At 90 days old, frxUSD is in an early but credible growth phase.

Scenario Analysis

Bull Case
Medium

frxUSD achieves broad DeFi adoption across multiple protocols beyond Curve, growing its holder base well beyond the current 1,857 wallets and deepening liquidity significantly. Frax Finance's governance and custodian model prove robust, and regulatory clarity for fiat-backed stablecoins validates the enshrined custodian approach, driving institutional inflows.

  • +Frax Finance's existing protocol ecosystem and community accelerating frxUSD integration across DeFi lending, yield, and payments applications
  • +Regulatory frameworks for fiat-backed stablecoins emerging that favor fully-collateralized models with transparent custodians over algorithmic alternatives
Base Case

frxUSD continues to trade within a tight band around $1.00, gradually growing its holder base and liquidity as Frax Finance expands protocol integrations. The token fulfills its role as a stable DeFi liquidity instrument without major depeg events, with supply expanding in line with protocol demand.

  • •Frax Finance's enshrined custodian model maintains reserve integrity and governance stability over the medium term
  • •Curve pool liquidity grows proportionally with frxUSD adoption, maintaining the current adequate liquidity-to-volume ratio
Bear Case
Low

A custodian failure, regulatory action against one of the enshrined custodians, or a governance attack on Frax Finance triggers a loss of confidence in the reserve backing, causing a sustained depeg below the $0.9816 historical floor and accelerated redemptions that stress liquidity.

  • -Custodian counterparty risk materializing through insolvency, fraud, or regulatory seizure of cash-equivalent reserves
  • -Competitive displacement by more established or better-capitalized stablecoins (USDC, USDT, DAI) limiting frxUSD's ability to grow its liquidity base beyond current levels

Analysis Details

GeneratedSep 2, 2026, 05:30 PM UTC
Data FreshnessReal-time on-chain data
Model Confidence
Medium

Data Snapshot

Price$1.01428968138
Market Cap$111.42M
24h Volume$1.27M
Holders1,857
Liquidity$8.96M

Data Sources

Codex DEX market data (price, volume, liquidity)
Daily OHLC price history
Aggregate holder count and top-10 concentration

Limitations

  • •Holder-growth history and size-tier distribution data were unavailable for this token on the current data provider, preventing trend analysis of adoption velocity or retail vs. institutional breakdown
  • •Whale transaction and individual wallet classification data were unavailable, meaning the 72.9% top-10 concentration cannot be decomposed into protocol contracts versus individual actors
  • •Contract-security data (audit status, vulnerability scoring, ownership structure) was not available from this chain's data provider and could not be included in the security assessment
  • •Smart-money and profitable-trader cohort data were unavailable, preventing assessment of early-buyer positioning or profit-taking risk

How we keep this honest

Every directional call on these pages is recorded before the outcome is known and scored on our public prediction track record. We apply the same standard to others: our audit of 1,581 crypto YouTube predictions found bullish calls did worse than random timing, and our memecoin pump anatomy study measured what chasing a pump actually costs.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a financial advisor before making investment decisions.

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