Is Frax USD (FRXUSD) halal or haram?
Not screened yet
We have not run our Shariah screening on Frax USD yet, so we are not giving a ruling on this page. What is below is what we have gathered and checked ourselves, without any AI: where the coin lives, its supply, what its own blockchain says about who can freeze or create coins, and the project's own documents.
What it is
Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol.
The basics
- Where it lives
- token on ethereum (also on arbitrum-one, plume-network, unichain, sonic, mode, fraxtal, polygon-pos, sei-v2, binance-smart-chain, aurora, berachain, polygon-zkevm, ink, scroll, abstract, movement, x-layer, solana, base, blast, stable, optimistic-ethereum, aptos, avalanche, katana, zksync, linea)
- Circulating supply
- 103,656,681 FRXUSD
- Total supply
- 103,682,572 FRXUSD
- Category
- Stablecoins, USD Stablecoin, BNB Chain Ecosystem
Who controls the coins
Read from the token's verified contract on Ethereum (0xcacd6fd266af91b8aed52accc382b4e165586e29) on 2026-09-19: addFreezer lets a 4-of-7 multisig wallet (0xffff…3937) appoint any address to block or freeze a chosen holder's tokens; freeze lets a 4-of-7 multisig wallet (0xffff…3937) block or freeze a chosen holder's tokens; freezeMany lets a 4-of-7 multisig wallet (0xffff…3937) block or freeze a chosen holder's tokens. addMinter lets a 4-of-7 multisig wallet (0xffff…3937) appoint any address to create new tokens, with no cap in the code. Its code can be replaced by whoever holds the upgrade power.
Whether anyone can freeze a holder's balance, or create new coins, is part of our screening. This much is read straight from the blockchain, so it is already established before any screening runs.
The project's own sources
Checked on 19 September 2026. Every address above was fetched once to confirm it loads.