$FRAX FRAX is a stablecoin designed to stay near $1 USD, using a hybrid of collateral and algorithmic stability mechanisms rather than being fully backed by cash-like reserves. 
• It is part of the Frax Finance ecosystem, which also includes frxUSD — a fully collateralized stablecoin — and other DeFi products. FRAX traded at around 0.992 USDT on Feb 1, 2026. 
• Throughout the week prior, prices remained very close to $1 — roughly between 0.992 and 0.994 USDT — showing tight range trading with minimal volatility. 
➡️ Interpretation: The pair stays very close to peg (1:1) with minor deviation — typical for a stablecoin — but usually trades just under $1 here. This can reflect slight market pressure or liquidity changes among stablecoins.
FRAX/USDT Candle Range (Last 7 Days)
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Day 1 │ █ 0.9922 ──│ Close 0.9922
Day 2 │ █ 0.9933 ──│ Close 0.9933
Day 3 │ █ 0.9928 ──│ Close 0.9928
Day 4 │ █ 0.9941 ──│ Close 0.9941
Day 5 │ █ 0.9938 ──│ Close 0.9938
Day 6 │ █ 0.9941 ──│ Close 0.9941
Day 7 │ █ 0.9945 ──│ Close 0.9945
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Legend: Each █ represents closing price near $1.00
Price scale ~ 0.9920 — 0.9950 USDT
#frax #PreciousMetalsTurbulence #PreciousMetalsTurbulence #BitcoinETFWatch
