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Algo Stables · Alternatives

The best Frax alternatives in 2026

Frax offers an Ethereum dollar-pegged token and DeFi subprotocols, but check the live peg, fees and audit scope before using it. If Frax is not the right fit, these 6 reviewed Algo Stables options are the closest matches, ranked by SkyBitcoins score. Read our full Frax review

At a glance

Frax vs the alternatives

Frax compared with its alternatives
dAppScoreTVLChains
Frax logoFrax(this one)Score 5.0 out of 10$28.4M1
Ampleforth logoAmpleforthScore 5.0 out of 10—1
Generic.Money logoGeneric.MoneyScore 4.8 out of 10$13.7K1
SPOT Cash logoSPOT CashScore 4.6 out of 10$73.8K1
Stable Beans logoStable BeansScore 4.2 out of 10—1
Basis Cash logoBasis CashScore 3.8 out of 10$206K1
Blindex logoBlindexScore 3.0 out of 10$10.9K1

Ranked

Top Frax alternatives

  1. 1
    Ampleforth logo

    Ampleforth

    Algo Stables · Ethereum

    Ampleforth’s AMPL targets the purchasing power of a CPI-adjusted dollar by changing token balances, not by guaranteeing a fixed market price. Understand rebasing and check the project’s security disclosures before using it.

    Read the Ampleforth reviewVisit Ampleforth(opens in a new tab)
    ScoreScore 5.0 out of 10
    TVL —
  2. 2
    Generic.Money logo

    Generic.Money

    Algo Stables · Ethereum

    Generic is stablecoin infrastructure built around GUSD, not a general-purpose crypto wallet. Its yield and privacy features are promising, but check redemption, fees and contract details before committing funds.

    Read the Generic.Money reviewVisit Generic.Money(opens in a new tab)
    ScoreScore 4.8 out of 10
    TVL $13.7K−0.0%
  3. 3
    SPOT Cash logo

    SPOT Cash

    Algo Stables · Ethereum

    SPOT is an Ethereum-based, low-volatility crypto asset—not a dollar-pegged stablecoin. You can hold it or provide SPOT/USDC liquidity, but its costs and independent security assurance are unclear.

    Read the SPOT Cash reviewVisit SPOT Cash(opens in a new tab)
    ScoreScore 4.6 out of 10
    TVL $73.8K+8.3%
  4. 4
    Stable Beans logo

    Stable Beans

    Algo Stables · Arbitrum

    Stable Beans refers here to Beanstalk, a permissionless stablecoin protocol that uses credit rather than collateral to target a $1 value for BEAN. The core idea is clear, but published details on fees, supported networks, audits and how to use the app are limited.

    Read the Stable Beans reviewVisit Stable Beans(opens in a new tab)
    ScoreScore 4.2 out of 10
    TVL —
  5. 5
    Basis Cash logo

    Basis Cash

    Algo Stables · Ethereum

    Basis Cash is an Ethereum algorithmic stablecoin system built around BAC, BAS shares and bonds. Its $1 target is not collateral-backed, so peg and bond risks matter more than the stated design.

    Read the Basis Cash reviewVisit Basis Cash(opens in a new tab)
    ScoreScore 3.8 out of 10
    TVL $206K−0.1%
  6. 6
    Blindex logo

    Blindex

    Algo Stables · Rsk

    Blindex is a Rootstock DeFi protocol for minting, swapping and redeeming currency-pegged assets. Its current operating status, fees and key safety details are unclear, so verify the contracts before considering a deposit.

    Read the Blindex review
    ScoreScore 3.0 out of 10
    TVL $10.9K−1.9%