The Frax community has approved a proposal to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as collateral for its upcoming frxUSD stablecoin. The proposal, known as FIP-418 ...

The vote is a step for Frax’s native stablecoin frxUSD to retire its algorithmic element. By Krisztian Sandor Updated Feb 23, 2023, 4:33 p.m. Published Feb 22, 2023, 11:03 p.m.

The frxUSD stablecoin, a rebranded evolution of Frax’s flagship FRAX stablecoin, offers "direct fiat redemption capabilities and enhanced compliance with U.S. financial. Search.

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 , a decentralized stablecoin Cryptocurrency protocol, today announced the launch of a new stablecoin, frxUSD, that will leverage BlackRock's USD Institutional Digital Liquidity Fund ...