# Legacy Frax Dollar: Live Peg, Issuer & Backing

> Legacy Frax Dollar stablecoin: live USD peg deviation in bps, depeg history, issuer Frax, backing and FAQ. No licences on record.

Canonical: https://stableradar.com/coin/frax
Generated: 2026-11-13T12:43:52.885Z (live figures are a snapshot at build time; see the canonical page for current values)

Stablecoin profile LIVE

# Legacy Frax Dollar stablecoin
**In short:** FRAX is a USD-pegged stablecoin issued by the decentralised Frax protocol. No token-level authorisation identified in the official registers checked. Below: live peg deviation, peg history, issuer, backing and FAQ.

[Issuer profile → Frax](https://stableradar.com/issuer/frax)

$0.9905

Peg target: $1.0000 (USD)

Off peg (50–100 bps)

Deviation: **-94.5 bps** (-0.95%) · Market cap: $217.1M

Sources: CoinGecko, DefiLlama · [CoinGecko ↗](https://www.coingecko.com/en/coins/frax) · Median of the available sources, refreshed in your browser. A deviation here is not a confirmed depeg.

### Token legal status
FRAX

Other stablecoins

(1) Entity licence / registration

No entity licence record captured by StableRadar.

(2) Authorisation to issue this token

No authorisation to issue this stablecoin identified in official registers as of 27 Oct 2026. Registers checked: NYDFS Greenlist, ESMA EMT register, JFSA, HKMA, CNAD, OCC

(3) Applicable law

Token legal status last checked: 27 Oct 2026

### Issuer & legal entity
- Issuer **Frax**

- Legal entity None identified (decentralised protocol)

- Headquarters Decentralized

- Backing mechanism Hybrid

- Reserve mix Protocol collateral

- Reserves & attestation On-chain [frax.com ↗](https://frax.com/)

- Custody Smart contracts

- Redemption Protocol

No licences or registrations are on record for Frax in StableRadar’s data.

Transparency Score (issuer)

Transparency Score

Weighted from public, sourced inputs · 88% of inputs available

Not legal advice; algorithmic assessment from public sources.

Our opinion based on public data as of 12 Nov 2026. Not a regulatory decision or a credit rating.

[Issuer profile → Frax](https://stableradar.com/issuer/frax)

### FRAX peg history
Max deviation from the peg, time spent outside ±50 / ±100 bps and derived events per window. 24h: CoinGecko 5-minute prices; 7d, 30d, 90d: hourly; 1y: daily. Cached at build time.

| Favourites | Coin | Peg | Trend | Max |dev| | Low | >±50 bps | >±100 bps | Events | Details |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | **FRAX** | USD |  | −148.5 bps | 0.9851 | 29 d 19 h | 4 d 9 h | 1 |  |

Source: [CoinGecko ↗](https://www.coingecko.com/), [DefiLlama ↗](https://defillama.com/stablecoins) · market data cached 13 Nov 2026, 11:28 UTC. Aggregated prices can move on thin markets; a deviation here is not a confirmed depeg.

### FAQ about FRAX
#### What is Legacy Frax Dollar?
FRAX is a stablecoin pegged to the US dollar. Issuer: Frax. Backing (as described in our data): Hybrid.

#### Who issues FRAX?
FRAX is issued by the Frax protocol, a decentralised protocol; StableRadar’s data identify no legal issuing company. No licences or registrations are on record for Frax in StableRadar’s data.

#### Is FRAX authorised under MiCA or another stablecoin regime?
No authorisation to issue FRAX was identified in the official registers StableRadar checked (NYDFS Greenlist, ESMA EMT register, JFSA, HKMA, CNAD, OCC; last checked 27 Oct 2026). This does not mean the coin or issuer is unlawful, unlicensed or unsafe.

#### Is FRAX safe?
StableRadar does not say whether a coin is safe and does not give investment advice. In our opinion, based on public data as of 12 Nov 2026, the issuer Frax has a Transparency Score of 36/100. This is not a regulatory decision or a credit rating. The live peg deviation and the official register links are on this page.

#### How is FRAX backed?
Model: Hybrid. Reserve mix: Protocol collateral. Attestation: On-chain.

### Related pages
Issuer profile → Frax

Stablecoin laws by country

News & depeg incidents

Live peg monitor

All stablecoins

Issuer ranking

Informational only: not legal, investment or compliance advice. Company statements are marked “per company”.

Live prices: 13 Nov 2026, 12:43 UTC · Issuer reference data reviewed: 26 Oct 2026 (later changes are dated on each row) · Sources: [Issuer disclosures (Frax)](https://frax.com/), [DefiLlama · FRAX](https://defillama.com/stablecoin/frax), [CoinGecko · FRAX](https://www.coingecko.com/en/coins/frax), [DefiLlama · Ethereum stablecoins](https://defillama.com/stablecoins/Ethereum)

Data: [DefiLlama](https://defillama.com/) · Powered by [CoinGecko](https://www.coingecko.com/)