Side by side
Cap vs Frax
Cap and Frax both operate in the Stablecoins & Tokens part of the Tempo ecosystem. Cap — A digital dollar and financial-guarantee market.. Frax — frxUSD stablecoin infrastructure; an early TIP-20 adopter..
Capactive
A digital dollar and financial-guarantee market.
- Issuer / Operator
- Operated by Covered Agents S.A. based in Panama.
- Currency Peg
- cUSD is a digital stablecoin pegged to the US Dollar.
Fraxactive
frxUSD stablecoin infrastructure; an early TIP-20 adopter.
- Peg
- USD-pegged stablecoin held at 1:1 to the U.S. dollar
- Backing
- Fully backed by cash-equivalents and tokenized U.S. Treasury reserves
- Role on Tempo
- Used for stablecoin-denominated gas (fee) payments and reward distribution
- Circulating supply / market cap
- Approximately 130 million tokens circulating with a market cap of roughly $128–133 million (mid-2026)
The record
How they compare
| Field | Cap | Frax |
|---|---|---|
| Type | stablecoin | stablecoin |
| Category | Stablecoins & Tokens | Stablecoins & Tokens |
| Status | active | active |
| Chains | — | — |
| Website | Yes | Yes |
| Docs | — | — |
| GitHub | — | — |
| Confidence | 60% | 85% |
| Sources | 1 | 3 |
Read on
Answers
Cap vs Frax: questions
- What is the difference between Cap and Frax on Tempo?
- Cap is A digital dollar and financial-guarantee market.. Frax is frxUSD stablecoin infrastructure; an early TIP-20 adopter.. Both sit in the Stablecoins & Tokens part of the Tempo ecosystem.
- Is Cap or Frax live on Tempo?
- Neither is confirmed on Tempo mainnet yet — Cap is active and Frax is active. Status is tracked from primary sources.
- Should I choose Cap or Frax?
- It depends on your use case — both serve the Stablecoins & Tokens role on Tempo. Compare them on type, status, chains, integrations and source-backed confidence (Cap: 60%, Frax: 85%), then read each full profile before deciding.