> open stablecoin/frax
Frax
USD-pegged stablecoin from the Frax Finance ecosystem. SOG treats FRAX as active and records its V3 collateral, AMO, governance, and non-redeemability context separately from issuer-redemption stablecoins.
Statusactive
Evidence2
| Symbol | FRAX |
|---|---|
| Status | active |
| Peg asset | USD |
| Collateral model | hybrid |
| Issuer | Frax Finance |
| Reserve disclosure | partial |
| Redemption status | non_redeemable_protocol_design |
| Launch date | 2020-12-21 |
| Discontinued date | — |
| Confidence | medium |
| Last verified | 2026-06-02 |
Issuer dossier
Frax Finance · protocol · unknown
Reserve reports
1 seed reserve disclosure reference(s) linked to this record.
Known unknowns
1 visible uncertainty item(s) kept for later review.
| Status | non_redeemable_protocol_design |
|---|---|
| Who can redeem | FRAX documentation describes FRAX stablecoins as non-redeemable; holding FRAX does not guarantee the right to redeem it for a specific instrument or token. |
| Retail redemption | not_available_as_direct_redemption |
| Institutional redemption | not_available_as_direct_redemption |
| Minimum redemption | not_applicable |
| Region / access notes | Protocol access and market exits are separate from issuer redemption and need source-specific review when discussed. |
| Registry note | SOG treats FRAX redemption context as protocol design, not fiat-backed issuer redemption. |
| Date | Title | Source | Type | Summary |
|---|---|---|---|---|
| No regulatory notes recorded yet. | ||||
| Chain | Deployment type | Status | Contract | Notes |
|---|---|---|---|---|
| Ethereum | protocol_token | active | source_review_needed | Seed deployment placeholder for FRAX. |
| Coverage type | Count | Meaning |
|---|---|---|
| Issuer source | 2 | Source-backed reference present in this record. |
| Reserve reference | 1 | Source-backed reference present in this record. |
| Market data | 0 | No source of this type is linked yet. |
| Regulatory source | 0 | No source of this type is linked yet. |
| Deployment / contract | 1 | Source-backed reference present in this record. |
| Exchange notice | 0 | No source of this type is linked yet. |
| News / analysis | 0 | No source of this type is linked yet. |
| Archive capture | 0 | No source of this type is linked yet. |
| Other source | 0 | No source of this type is linked yet. |
| Date | Stage | Record | Detail |
|---|---|---|---|
| 2020-12-21 | launched | Frax launch | Launch date recorded on the stablecoin entity. |
| 2026-06-02 | current_status | Current registry status: active | This is the current SOG registry label, not a safety score. |
| Date | Event | Type | Impact | Recovered | Mechanism |
|---|---|---|---|---|---|
| No event records yet. | |||||
| Date | Publisher | Type | Asset categories | Confidence |
|---|---|---|---|---|
| 2026-06-02 | Frax Finance | protocol_disclosure | protocol_collateral, amo_context, source_review_needed | medium |
| Source | Publisher | Type | Claim scope | Reliability |
|---|---|---|---|---|
| Frax Finance documentation for FRAX stablecoin | Frax Finance | issuer_statement | entity_collateral_redemption | medium |
| Frax Finance official site | Frax Finance | issuer_statement | entity | medium |
| Topic | Description | Severity | Last checked |
|---|---|---|---|
| lifecycle_transition | FRAX, frxUSD, FXS, AMO, and V3 collateral design relationships need a dedicated source-backed lifecycle and successor/parallel asset review. | medium | 2026-06-02 |
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