Frax Finance eyes a $5M stake in Trump-backed WLFI to boost U.S. DeFi growth and explore a further $10M investment.

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Frax Finance is considering a $5 million investment in the Trump-backed WLFI. Hence, it is seeking approval from its ...

The Frax community has voted to pass FIP-418 to use BlackRock's United States dollar Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. According ...

The Frax Finance community vote to adopt BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as a reserve asset for the proposed stablecoin Frax USD (frxUSD) has gone live. Opened on Dec ...

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 million ...

Prominent analytics firm Santiment says a handful of low-cap altcoins are seeing a drastic rise in the count of new wallets ...

In addition to PYUSD, issued by regulated company Paxos, the so-called FRAXPYUSD pool also consists of Frax Finance's collateralized algorithmic stablecoin FRAX. The pool went live on Dec. 27.

This development follows a successful integration vote by the Jellyverse DAO. By locking up cryptocurrencies as collateral, users can issue jAssets such as jNVDA (Nvidia), jMSTR (MicroStrategy), jAAPL ...

Following the vote, Frax Finance founder Sam Kazemian said in a statement: “FrxUSD combines the transparency and programmability of blockchain technology with the trust and stability of ...