Legacy Frax Dollar (FRAX) is trading at $0.9917, down 0.01% in the last 24 hours. It trades at a fixed value near $1, which is how a stablecoin behaves — it is designed to hold a peg rather than appreciate.
What the data shows about Legacy Frax Dollar
Legacy Frax Dollar (FRAX) trades at $0.9917 and has barely moved. That is how a stablecoin behaves: it is designed to hold a peg rather than appreciate, so the thing to watch is not the price going up but whether it holds the peg at all.
We publish hand-written research for the assets people most commonly search for, and Legacy Frax Dollar is not currently one of them — so this page describes what the market data shows rather than making claims about the project itself. For what it does and who builds it, read the project's own documentation and check its activity on a block explorer.
What actually moves the FRAX price
Most of what you see on the chart is not about Legacy Frax Dollar. It is the market as a whole, plus leverage unwinding, and only the residue is the asset's own story. Separating those three is the whole skill.
Legacy Frax Dollar specifically: we do not have enough history to characterise its usual movement, and at this size liquidity is thin enough that individual orders move the price.
The practical consequence is not to react to a move until you know which of the three caused it. A 10% fall during a market-wide flush means something entirely different from a 10% fall while everything else is flat. The first is usually noise; the second is usually information.
Setting a FRAX price alert
The most common mistake is setting the threshold too close. If it sits inside FRAX's normal daily range it will fire constantly, you will start dismissing without reading, and the alert that mattered gets dismissed with the rest.
Work from the asset's own recent range rather than a round number you like the look of — the edges of that range are where the market has actually changed its mind.
Before you save it, write down what you would do when it fires. If there is no answer, the alert is a notification habit rather than a decision tool, and it will train you to ignore the next one.
Get told when FRAX moves
Set a price or percentage alert once. It runs on our servers, so it fires even with the app closed — and quiet hours mean it will not wake you at 4am.
Create a free accountFree on the App Store and Google Play.
Frequently asked questions
What is the price of Legacy Frax Dollar today?
Legacy Frax Dollar (FRAX) is trading at $0.9917, down 0.01% over the last 24 hours. Prices update continuously on this page.
What is Legacy Frax Dollar used for?
We do not publish a hand-written profile for Legacy Frax Dollar yet, so this page does not describe what the project does. What the market data shows: it trades at a fixed value near $1, which is how a stablecoin behaves. For what it does and who builds it, read the project's own documentation.
What are the risks of holding FRAX?
As a stablecoin, the risk is the peg itself: whether the issuer's reserves and redemption process hold under stress. We do not publish a project-specific risk assessment for it. Nothing on this page is financial advice.
How do I get an alert when FRAX hits a price?
Create a free CoinPriceAlert account and set a price or percentage alert on FRAX. Alerts are evaluated on our servers, so they arrive as a push notification even when the app is closed — and quiet hours stop a 24/7 market waking you at 4am.
No hand-written profile yet: the text is generated from live market data and the asset's category. Read the project's own documentation before acting. Market data: CoinGecko, refreshed continuously; alert planner: 285 daily closes from Binance. Nothing here is financial advice.