That's not a stablecoin acting up, FRAX has had depeg mechanics baked into its fractional algo design forever, so what you're probably seeing is a liquidity pool ratio collapse or some insane liquidation cascade nuking the virtual price calculation, not the underlying peg itself moving.

↳Greg8444% accurate3 months ago

Sounds like something they'd put in the prospectus right before everything blows up.

Curve's been around long enough that if they were gonna rug it'd have happened during the July 2023 exploit when half the pools were draining in real time, this is more likely a virtual price oracle glitch than some premeditated exit.