Another coin, Frax, was also assessed as a 5. First Digital USD was rated a 4, while number two stablecoin USD Coin was classed as a "strong" 2, alongside Gemini Dollar and Pax Dollar.

Source: https://www.channelnewsasia.com/business/sp-gives-tether-poor-marks-new-stablecoin-scale-3984211?cid=cna_flip_070214

One Frax Price Index Share token can now be bought for approximately $1.36 or 0.00005940 BTC on popular exchanges.

Source: https://www.dailypolitical.com/2023/01/26/frax-price-index-share-fpis-trading-1-8-lower-over-last-7-days.html

Over the last seven days, Frax Share has traded 18.5% lower against the US dollar.

Source: https://www.dailypolitical.com/2023/02/16/frax-share-price-hits-10-18-fxs.html

Unlike traditional fiat currencies that are subject to central bank regulations, Frax operates on decentralized blockchain networks, primarily Ethereum.

Source: https://emorywheel.com/assessing-the-sustainability-of-frax-frax-stablecoin-and-its-environmental-footprint/?utm_source=rss&utm_medium=rss&utm_campaign=assessing-the-sustainability-of-frax-frax-stablecoin-and-its-environmental-footprint