Frax Launches frxUSD Stablecoin, backed by the BlackRock's USD ...
5 days ago · The frxUSD stablecoin, a rebranded evolution of Frax's flagship FRAX stablecoin, offers direct fiat redemption capabilities and enhanced compliance with U.S. financial systems.
Frax community approves frxUSD stablecoin backed by …
5 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 Stablecoin To Leverage BlackRock's BUIDL, …
1 day ago · Frax Finance, a "decentralized" stablecoin cryptocurrency protocol, has recently announced the launch of a new stablecoin, frxUSD. ... Crowdfund Insider is the leading news website covering the ...
Frax Stablecoin Backed by BlackRock’s BUIDL Fund Approved
5 days ago · The Frax community has approved a proposal to use BlackRock’s Institutional Digital Liquidity Fund (BUIDL) as collateral for its upcoming frxUSD stablecoin. The proposal, identified as FIP-418, received unanimous support after a six-day voting period.
Frax Launches frxUSD Stablecoin, backed by the BlackRock's USD ...
5 days ago · LAS VEGAS, Jan. 2, 2025 /PRNewswire/ -- Frax Finance, a decentralized stablecoin cryptocurrency protocol, today announced the launch of a new stablecoin, frxUSD, that will leverage BlackRock's USD ...
BlackRock's BUIDL approved as backing token for Frax USD …
5 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 ...
Crypto News This Week: Frax, SUI, Bitcoin Mutual Funds
Dec 31, 2024 · Several events are in the pipeline for the crypto industry this week, like Frax Finance revamping its FRAX stablecoin into a new BUIDL-backed asset, Sui unlocking 64 million governance tokens, and six Israeli investment firms launching Bitcoin mutual funds.
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 Finance Proposes Using BlackRock’s $530M BUIDL Token To …
Dec 23, 2024 · Frax Finance is considering a proposal by Securitize Markets to integrate BlackRock's BUIDL token as collateral for its upcoming Frax USD stablecoin. The BUIDL token, backed by over $530...
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...