Why is FRAX the biggest winner after the stablecoin bill is passed?
By Alex Liu, Foresight News
Stablecoin Bill and FXS
Frax Finance's products are not just stablecoins, but also liquid staking, lending, L2, and more. But they have deep roots in stablecoins. Frax used to be the issuer of the hybrid algorithmic stablecoin FRAX, but it abandoned the "computational" track after the Luna UST crash and transformed into a fully collateralized stablecoin.
Since then, FRAX has been further updated to frxUSD, secured by fiat currency, "with the entire roadmap to become the first licensed fiat currency stablecoin".
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