Frax Launches frxUSD Stablecoin, backed by the BlackRock's USD ...
4 days ago · Frax — founded by Sam Kazemian and Stephen Moore — is committed to stability, proven technology, expert governance, and regulatory clarity. Media Contacts: Securitize: [email protected]
Frax community approves frxUSD stablecoin backed by …
4 days ago · The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin.
Frax Finance Launches USD Stablecoin with BlackRock BUIDL …
3 days ago · Frax Finance launches frxUSD stablecoin backed by BlackRock’s BUIDL Fund, bridging blockchain and traditional finance for stable, yield-bearing assets. ... Our goal is to keep industry professionals up to date on the most recent news and developments. We are a team of experts who take great pride in offering unbiased and well researched ...
BlackRock's BUIDL approved as backing token for Frax USD …
4 days ago · The announcement of the approval and the launch of Frax's USD stablecoin comes less than two weeks after Securitize, the broker-dealer for BlackRock’s BUIDL tokenized money market fund, submitted a governance proposal requesting BUIDL be added as the backing token for frxUSD. Securitize wrote the governance proposal that was presented to Frax ...
Frax Finance's Layer 2 Fraxtal to Debut in February: Founder - CoinDesk
Jan 18, 2024 · Kazemian expects Fraxtal to debut with a bang, attracting at least several hundred million dollars worth of crypto assets in the first month.
Frax Finance Targets $100B Value Locked in Singularity Roadmap - CoinDesk
Mar 22, 2024 · Frax’s singularity roadmap sets a target of $100 billion in TVL for its layer 2 Fraxtal and plans to launch 23 new layer 3s. The proposal calls for reviving the few switch mechanisms to...
Frax Finance Expands to Cosmos Ecosystem Via Asset Issuance ... - CoinDesk
Apr 4, 2024 · The Frax token (FRAX), a crypto-collateralized stablecoin pegged to the U.S. dollar, and its staked version, sFRAX, will become native to the Cosmos ecosystem via Noble.
Frax Finance plans to launch its own L2 by end of year
Jun 16, 2023 · Frax Finance, known for creating decentralized stablecoins, announced the launch of its own layer-2 blockchain. The introduction of Fraxchain is scheduled to take place by the end of 2023. The Frax team is most well known for frxETH, a loosely pegged algorithmic ETH stablecoin that is partially collateralized.
Frax Partners Launches New Stablecoin | PaySpace Magazine
4 days ago · News Frax Partners Launches New Stablecoin . Jan 2, 2025 at 11:59 pm. Decentralized stablecoin cryptocurrency protocol Frax Finance has launched a new stablecoin, which it claims provides unprecedented indicators in terms of parameters such as transparency and custody. The frxUSD stablecoin is a rebranded evolution of the flagship FRAX ...
Frax Finance Eyes Blackrock’s BUIDL Token as Next-Gen ... - Bitcoin News
Dec 28, 2024 · Today, frax usd (FRAX) remains the ninth-largest stablecoin by market valuation. FRAX’s market capitalization is $646 million, positioned below Tron’s USDD and above Usual’s SUSDS.