frxUSD

Frax USD Price Today & AI Analysis

frxUSDEthereumAnalysis as of Sep 2, 2026

Price

$0.9998

+0.00% 24h

Contract

Live
0xcacd6fd266af91b8aed52accc382b4e165586e29

Chain

Ethereum

Holders

2.1K

Market cap

$87.96M

Liquidity

$13.07M

At a $500M market cap, $FRXUSD would be $5.68 (5.68x from today’s price)

Market cap calculator

Is frxUSD a scam?

Unhosted check · Oct 16

No red flags

No scam signals in Unhosted’s checks, with a few things to know below.

  • The top 10 wallets hold a large share of the supply.

Unhosted’s automated check, re-run in the background: a warning signal, not a guarantee either way. Taxes come from a test trade through one pool and can change if the owner changes them.

Ask Unhosted AI about frxUSD

3 free answers a day

What's Twitter saying?Whale activityWhat are the risks?Should I buy?

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Frax USD: holders, selling & liquidity

2026-09-02 17:30 UTC

Holder addresses

1,857

Top 10 supply share

Not available

Reported liquidity

$8,963,627.00
How concentrated is Frax USD ownership?
Top-10 ownership concentration is not available in this report. The saved holder count is 1,857 addresses (2026-09-02 17:30 UTC). A holder count alone does not establish how supply is distributed.
Are large holders selling Frax USD?
This report cannot establish whether large holders are selling: it does not include wallet-level holder balances over time matched to swaps. A complete buy/sell volume observation is not available in the saved inputs. A large swap alone does not identify a large holder, and a transfer alone does not prove a sale.
Is Frax USD liquidity falling?
As of 2026-09-02 17:30 UTC, reported liquidity was $8,963,627.00. At least two timestamped liquidity observations are needed to establish a change; this report does not have them.
Sources, observations & limitations

Source: inputs saved with the report generated 2026-09-02 17:30 UTC. Original provider retrieval times and historical samples were not recorded. Legacy zero placeholders are treated as unavailable. Holder addresses are not unique people. The provider’s top-10 share is not adjusted here for pools, exchanges, burn addresses or related wallets. Sniper classifications and wallet-level holder history are unavailable. Inspect token on the block explorer.

Recent swap evidence

Swap evidence is unavailable for this report.

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Movement since report

report from Sep 2, 2026, 05:30 PM UTC

Market Cap

$111.42M

24h Volume

$1.27M

Liquidity

$8.96M

FDV

—

Holders

1,857

24h

Loading trading activity…

AI Executive Summary

Risk

Low

Sentiment

Bullish

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.

Key points

  • 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-Term · 24h-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-Term · 30d-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
24h—
7d—
30d—

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

Chain
Ethereum
Contract
0xcacd...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

Immediate support

$0.9996

Major support

$0.9816

Immediate resistance

$1.00

Major resistance

$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.

AI overall risk

Low

Risk Score

22/100

Risk Breakdown

  • VolatilityLow

    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.

  • LiquidityMedium

    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.

  • ConcentrationNot assessed

    Ownership concentration cannot be assessed without a measured supply distribution.

  • Smart ContractNot assessed

    Contract or authority checks are not included in the saved provider observations.

  • RegulatoryMedium

    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 probability

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 probability

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

Generated

Sep 2, 2026, 05:30 PM UTC

Saved observation

2026-09-02 17:30 UTC

Model Confidence

Medium

Data Snapshot

Price

$1.01428968138

Market Cap

$111.42M

24h Volume

$1.27M

Holders

1,857

Liquidity

$8,963,627.00

Data Sources

Unhosted DEX market data (price, volume, liquidity)Daily OHLC price historyAggregate 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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