2023-3-2 22:59 |
Data analysis indicates that Frax Share has been recording price surges throughout 2023 amid the rising demand for LSDs. origin »
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Frax Finance, a stablecoin issuer, has been experiencing massive growth owing to its lending and liquid staking business.
Part-collateralized, part-algorithmically stabilized stablecoin, FRAX is the world’s first fractional-algorithmic stablecoin. The Frax protocol is ideologically pure, extremely stable, and highly scalable on-chain money that consists of a two-token system.
President Trump’s previous nomination to the Federal Reserve, Stephen Moore reportedly announced to launch a U. S. dollar pegged cryptocurrency, Frax. In a interview with Fortune, Moore mentioned that his libertarian views led him to support cryptocurrency, which according to him, is an important alternative to state-backed money.