Frax USD
FRXUSD#272$1.00+0.02%
Frax USD (FRXUSD) is a dollar-pegged stablecoin — a cryptocurrency engineered to track the value of 1 US dollar as closely as possible. At the time of this Frax USD report, FRXUSD trades at roughly $0.9998, demonstrating the tight peg that users rely on from a USD-linked asset. Its market capitalization sits at approximately $138 million, with daily trading volume near $4.5 million, placing it in the mid-tier of the crypto landscape with noticeably more liquidity than many smaller tokens. Stability, not price appreciation, is the core value proposition here. Traders and on-chain participants turn to FRXUSD as a parking asset when markets get choppy, a base pair for executing trades, or a convenient way to transfer value on crypto rails without drifting far from the dollar. That defensive role sets it apart from speculative coins chasing upside. The trade-off is simple. A stablecoin delivers value only as long as it holds its peg and remains liquid across exchanges. This Frax USD analysis April snapshot shows FRXUSD hugging the $1 mark, yet users should still monitor market depth, order-book liquidity, and any brief deviations above or below the peg — factors that matter for any Frax USD forecast going forward.
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Frax USD is a stablecoin — a type of cryptocurrency built to stay close to 1 US dollar rather than swing wildly in price. People mainly use it to hold a steadier value, trade between other crypto assets, or move funds during volatile markets without losing purchasing power.
Smart contract risk scan — checks for honeypots, hidden taxes and more.
Clear bullish / neutral / bearish signal based on market data, on-chain security and macro signals.
Analysis from November 2, 2026
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Rating
Confidence
Frax USD is a USD-pegged stablecoin with roughly 113.0 million tokens in circulation, but the current picture is clouded by security and concentration concerns. Market sentiment adds to the caution: the Fear & Greed Index sits at 37 (Fear), down 11 points from 48 over the past seven days, despite a partial bounce off a low of 30. The contract carries a trust score of 55, runs as an upgradeable proxy, and shows 85.57% of all tokens held across just ten addresses. Publicly viewable code and zero transaction taxes in either direction are reassuring details, but they don't offset the unresolved control checks and heavy concentration. Carrying the 'stablecoin' label doesn't erase contract, governance, or concentration risk — this coin analysis treats those factors as central, not secondary.
No current news is available for Frax USD, so there's no specific headline to tie to any price action. The broader backdrop is a more risk-averse crypto market, with Fear & Greed sliding from 48 to 37 over seven days. Supply across the top tracked stablecoins also dipped 1.1% over seven days and 2.7% over 30 days — a neutral liquidity snapshot rather than a signal pointing in any particular direction for FRXUSD.
Frax USD deserves a different lens than a typical volatile token: because it's built to track the dollar, drift away from that $1 peg matters more than short-term momentum. Its all-time high was $1.088, recorded on April 12, 2026, but that historical spike tells us little about where the token stands relative to $1 today. No short-term price move is being evaluated here, so the Fear & Greed drop from 48 to 37 can't be pinned as the cause of any specific FRXUSD shift. Contract concentration and upgradeability may well weigh on confidence, though the available figures don't prove either factor has actually moved the price.
The Fear & Greed Index reads 37 (Fear), down from 48 over the past week — a sign that market participants have turned more defensive, even with a rebound off a low of 30. A reliable 90-day comparison for this sentiment gauge isn't available. Meanwhile, the federal funds rate climbed to 3.75% from 3.63%, and annual inflation rose to 4.02% from 3.71%, both pointing to a more restrictive backdrop for risk-sensitive crypto assets. The Dollar Index eased slightly, from about 121.4 to 121.3 — a minor counterweight at best. No specific regulatory development has been identified as a current driver for FRXUSD. Across the top tracked stablecoins, total supply stands at $261.6 billion, down 1.1% over seven days and 2.7% over 30 days — useful context on available stablecoin capital, but not evidence of where FRXUSD itself is headed.
Current investment research rates it SELL with 74% confidence. The data picture is strained because contract uncertainty, upgradeability, and very high holder concentration outweigh the available positives. A Fear & Greed reading of 37 also reflects broader market caution.
As a USD stablecoin, the central question is confidence in its dollar peg rather than speculative momentum. Contract controls, concentrated ownership, and the wider Fear regime may all weigh on sentiment, though the macro data available doesn't prove any specific FRXUSD price move.
Its strengths include publicly viewable code, zero transaction taxes, and a presence across many blockchain ecosystems. The risks: a trust score of just 55, an upgradeable proxy structure, unresolved control checks, and 85.57% of supply concentrated among the ten largest addresses.
Market sentiment as a contrarian reality check for this analysis.
Historically extreme bearish sentiment
The market is deeply nervous. Looking back, these phases for BTC often coincided with local bottoms as long as fundamentals held up.
Historical BTC performance
When the index sat between 20 and 39, BTC historically moved an average of +8.0% after 30 days and +22.0% after 90 days.
Current
20
out of 100
Extreme Fear
Frax USD is a dollar-pegged stablecoin, but with no current price or recent performance figures on hand, there's no reliable way to confirm how well it's actually holding its link to the US dollar. Broader crypto sentiment, meanwhile, sits at 65 on the Fear & Greed Index (Greed territory), pointing to an optimistic market overall — though the drop from 73 to 65 over the past week suggests that optimism is starting to fade. On the transparency side, Frax USD benefits from open-source code and carries no honeypot flag, but its security score of just 55 keeps things only moderately reassuring. A bigger concern is concentration: the ten largest addresses hold 85.16% of all circulating tokens. Put together, this investment research (MiFID II Del. Reg 2017/565 Art. 36) paints a mixed picture — decent sentiment on one hand, notable security, concentration, and data gaps on the other.
Frax USD is holding steady at $0.999751, with no change recorded over either the seven-day or 30-day window — a clear sign its dollar peg is doing exactly what it's supposed to. The 24-hour move of just +0.01659% fits the profile of a stablecoin built to sit near $1 rather than chase gains. Broader crypto sentiment leans optimistic, with the Fear & Greed Index at 71 (Greed), though that's a slight dip from 72 a week ago. But that positive backdrop is tempered by a security trust score of just 55, an upgradeable contract structure, and heavy concentration — the 10 largest addresses hold 85.62% of all tokens. Add to that zero recorded code commits over the past four weeks, plus missing on-chain activity and token-unlock data, and you get a mixed picture: the dollar peg is solid, but questions around security, concentration, and transparency keep this coin analysis from leaning clearly bullish.
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Max supply isn't known.