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 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 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 Launches frxUSD Stablecoin, backed by the BlackRock's USD ...
6 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 ...
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 Ecosystem News | Travis Moore | Substack
Nov 21, 2024 · Click to read Frax Finance Ecosystem News, by Travis Moore, a Substack publication. Launched 3 months ago. The Frax ecosystem is a self-sufficient DeFi economy utilizing stablecoins as currency.
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 Unveils AIVM Tech Stack: A Bold Leap in AI …
Dec 12, 2024 · Frax Finance unveils AIVM, an AI-powered blockchain validation tech stack. Explore its 2025 Vision Roadmap, Frax Universal Interface, and DeFi breakthroughs.
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'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.