Frax vs. USD Coin
Compare key details of Frax and USD Coin side by side in a structured table format. This overview highlights core features, differences, and relevant information for each option. Use it to review how various choices stack up across the category.
| Frax | USD Coin | |
|---|---|---|
| Symbol | FRAX | USDC |
| Type | Algorithmic-backed | Fiat-backed |
| Collateralization Method | Partially Crypto-collateralized | Cash & Short-term Treasuries |
| Pegged To | USD | USD |
| Issuer | Frax Protocol (Decentralized) | Circle |
| Blockchain Support | Ethereum | Ethereum, Solana, Algorand, Avalanche |
| Market Cap Rank | 8 | 2 |
| Reserve Transparency | Medium (On-chain governance) | High (Monthly Audits) |
| Stability History | Generally Stable | Highly Stable |
| Primary Use Cases | DeFi liquidity, staking | Payments, DeFi, savings |
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