ctStablefrxUSD is a token deployed on Base at 0x4def5abcfba7babe04472ee4835f459daf4bd45f, appearing to be a derivative or wrapped representation of the frxUSD stablecoin. The "ct" prefix typically denotes a protocol-specific compound or yield-bearing wrapper, though exact issuer details are not provided in the current dataset.
The token is actively utilized in a Pendle yield market on Ethereum (chain ID 1), where it serves as the underlying asset for a principal/yield split maturing on November 20, 2025. This market currently reports an implied APY of approximately 58.3% and holds roughly $1.02 million in total value locked.
Public metadata such as the official token name, decimal count, and real-time USD price are currently unavailable. Additionally, the token shows no recorded presence in Aerodrome liquidity pools or Base governance vote markets, limiting the available on-chain context for its broader utility.