USD will be uniquely backed by assets held in BlackRock's BUIDL, which invests in cash, US Treasury bills, and repurchase ...

Frax Finance has launched the frxUSD stablecoin, backed by BlackRock’s BUIDL fund, merging traditional finance stability with ...

What is the purpose behind the creation of the Frax Protocol (FRAX)? The Frax Protocol was created as a decentralized stablecoin system with the purpose of providing a highly scalable, decentralized, ...

Frax Finance has approved BlackRock's BUIDL fund as collateral for frxUSD, increasing stability and yield potential for ...

Decentralised cryptocurrency protocol stablecoin Frax Finance has launched a new stablecoin, frxUSD, which will run on ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Decentralised stablecoin cryptocurrency protocol Frax ...

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. According to the ...

Other developments for FUI include a Frax mobile wallet and AI-driven enhancements to further simplify interactions with the Frax ecosystem. Frax aims to be the U.S. digital dollar, establishing ...

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 ...