Is Legacy Frax Dollar (FRAX) halal or haram?
Not screened yet
We have not run our Shariah screening on Legacy Frax Dollar 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
The first fractional-algorithmic stablecoin
The basics
- Where it lives
- token on ethereum (also on polygon-zkevm, moonbeam, boba, aurora, moonriver, fantom, evmos, harmony-shard-0, polygon-pos, binance-smart-chain, arbitrum-one, optimistic-ethereum, avalanche)
- Circulating supply
- 219,310,246 FRAX
- Total supply
- 219,310,246 FRAX
- Category
- Stablecoins, Decentralized Finance (DeFi), USD Stablecoin
Who controls the coins
Read from the token's verified contract on Ethereum (0x853d955acef822db058eb8505911ed77f175b99e) on 2026-09-19: no function that freezes, pauses or creates tokens was found, but it has 19 other admin functions the screening checks.
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.