Frax Launches frxUSD as a Reliable and Compliant Stablecoin Alternative
Frax Finance today unveiled a new stablecoin, frxUSD. frxUSD leverages BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, to provide an unprecedented level of transparency, security, and audibility for stablecoin users. The frxUSD stablecoin is a rebranded evolution of Frax’s original FRAX stablecoin and is designed to deliver direct fiat redemption capabilities, enhanced…