Verify what backs a stablecoin
DIA Value computes intrinsic fair value for stablecoins from reserves and on-chain data, so backing and peg health can be verified.
Supply
<0.1% of USD stablecoin supply · 66th of 70 USD stablecoins with supply
Chains
51st of 70 USD stablecoins read on chain · median 2
Holders on Ethereum
32nd of 43 USD stablecoins scanned on Ethereum
FPI is a USD stablecoin issued by Frax.
5.9M FPI in circulation, all on Ethereum. That is <0.1% of the USD stablecoin supply on the map, 66th largest of 70.
All USD stablecoins, 30d: the change in DeFiLlama circulating supply summed over the 64 USD stablecoins with a reading at both ends of the window. Wrappers and rebasing stablecoins are left out. It is DeFiLlama’s figure, not a DIA read.
Source: DIA first-party onchain reads, the series the chart draws. Each figure is the change in the supply DIA reads across FPI’s chains between two daily snapshots. Not mints minus redeems: DIA does not publish issuance flow.
Share and rank are against the combined supply of the 70 active USD stablecoins on the map, each valued at DIA’s own read and price where DIA holds one and at DeFiLlama’s circulating figure otherwise. Wrappers are left out, as in every total on the map.
5.9M FPI
<0.1% of all USD stablecoin supply, #66 of 70
All supply on Ethereum
Ethereum5.9M FPI · 100.0%Supply growth
Counted on Ethereum. Excludes protocol and bridge contracts and issuer treasuries. Shares are of the supply on Ethereum less issuer treasuries and burn addresses. Protocol and bridge contracts stay in that supply but are not counted among the largest holders.
Source: Blockscout.
533holders on Ethereum
32nd of 43 USD stablecoins on Ethereum
Excludes protocol and bridge contracts and issuer treasuries. Shares are of the supply on Ethereum less issuer treasuries and burn addresses. Protocol and bridge contracts stay in that supply but are not counted among the largest holders.
Where FPI is supplied in DeFi lending markets, what it earns there and the DEX pools it trades in.
Top 2 FPI pools by TVL with a quoted APY.
TVL is what is deposited in the pool. For lending pools, that is before loans are taken out.
| APY | Composition | 30d avg | Quality | Protocol | Chain | Rewards | ▼TVL | Type |
|---|---|---|---|---|---|---|---|---|
0.08% | 0.17% | MixedVolatile | Ethereum | +0.06% | $51.6K | LP | ||
2.64% | 2.62% | LP fees · IL riskStable | Ethereum | +0.00% | $31.4K | LP |
Source: DeFiLlama, DexScreener and on-chain balances, updated 1 Nov 2026.
FPI in pool is FPI's own side of the pool, at its USD price. Pool liquidity counts both sides.
$235.8K of FPI sits in 4 DEX pools across 3 DEXs.
| DEX | Pair | Chain | Pool liquidity | ▼FPI in pool | 24h volume |
|---|---|---|---|---|---|
| FPI / FRAX | Ethereum | $281.7K | $141.2K | $42 | |
| FPI / FRAX | Ethereum | $51.6K | $40.7K | $121 | |
| FPI / FRAX | Ethereum | $164.1K | $39.7K | $52 | |
| FPI / FXS | Ethereum | $28.2K | $14.1K | $162 |
FPI is designed to be backed by other stablecoins.
Ethereum0x5ca135cb…d8cbe08eRead from the deployed contract and its account on each chain. A control with no row is one the read could not settle, which is not the same as absent. “No” appears only where the verified contract source lists every function, or where the chain records that the control cannot exist, such as a package published as immutable.
No freeze, wipe, pause, mint or upgrade function confirmed
Source: DIA onchain reads Updated
Source: DIA rebuild from onchain transfer history (to 11 Aug 2026), Block explorer holder counts (from 12 Aug 2026), Ethereum Updated