USD Coin vs. Frax
Compare key details of USD Coin and Frax 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.
| USD Coin | Frax | |
|---|---|---|
| Symbol | USDC | FRAX |
| Type | Fiat-backed | Algorithmic-backed |
| Collateralization Method | Cash & Short-term Treasuries | Partially Crypto-collateralized |
| Pegged To | USD | USD |
| Issuer | Circle | Frax Protocol (Decentralized) |
| Blockchain Support | Ethereum, Solana, Algorand, Avalanche | Ethereum |
| Market Cap Rank | 2 | 8 |
| Reserve Transparency | High (Monthly Audits) | Medium (On-chain governance) |
| Stability History | Highly Stable | Generally Stable |
| Primary Use Cases | Payments, DeFi, savings | DeFi liquidity, staking |
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