Frax CEO Discusses Stablecoin Growth Strategy in NYC Interview

Alchemix v3 has integrated sfrxETH into its Mix-Yield Token (MYT) vaults, enabling users to access ETH staking returns through self-repaying loans. **Key Details:** - sfrxETH brings staking yields to Alchemix's MYT vaults - Users can now access passive yield while utilizing self-repaying loan functionality - MYT vaults allocate deposits across curated yield strategies **Background:** Alchemix v3's self-repaying loan model allows users to borrow against their collateral while the deposited assets generate yield to automatically pay down the loan over time. The integration expands yield options available within the protocol's curated strategy baskets.

**June Trading Momentum** frxUSD PegKeeper pools are tracking toward a record-breaking volume month despite Bitcoin's decline. Stablecoin trading activity remains robust, with multiple protocols selecting frxUSD as their primary stablecoin pairing. **Key Developments** - Top performing pools include [Curve Finance](https://www.curve.finance) crvUSD and Metronome msUSD - frxUSD/USDp became the leading Curve pool on Hyperliquid's HyperEVM - Parallel Money's USDp chose frxUSD for default liquidity - Alto whitelisted frxUSD in its permissioned PSM to mint DUSD - New DUSD/frxUSD Curve pool launched with underlying frxUSD yield flowing to LPs The sustained volume growth follows frxUSD surpassing $1B in total trading volume, with market volatility driving increased stablecoin activity across DeFi protocols.

A new lending market has launched on Morpho, allowing users to borrow frxUSD using sUSG as collateral. The market is curated by Tangent and 0xAlphaping. **Key Details:** - Platform: [Morpho](https://app.morpho.org/ethereum/market/0x2a2f62fe3d123077da35f281fbe69ebc296759b34873d627cf44c94f05fecf7e/susg-frxusd) - Collateral: sUSG (Tangent's staked USG) - Borrow asset: frxUSD This follows recent capacity increases on Tangent's frxUSD markets, which have seen strong demand. Tangent uses frxUSD as its core default stablecoin and launched in late May 2026.

**Frax has been recognized as the #5 stablecoin issuer** in Fortune Magazine's Crypto 100 list. - The company emphasizes its multi-year track record of shipping secure products - Frax positions itself to serve institutional demand as digital assets move onchain - The recognition highlights Frax's established trust in the stablecoin market The announcement comes as the stablecoin sector continues to mature, with institutions increasingly seeking reliable digital money infrastructure.

**frxUSD PegKeeper has crossed $1 billion in total trading volume**, with June 2026 positioned to become a record-breaking month driven by increased market volatility. **Key highlights:** - Top performing pools include Curve Finance's crvUSD and Metronome's msUSD - 17 protocols now use frxUSD as their default stablecoin pairing - PegKeeper pools have generated over $500M in trading volume over the past four months - Monthly volume previously reached an all-time high of nearly $200M in March 2026 The surge reflects growing institutional trust in frxUSD as a reliable stable pair for DeFi protocols, particularly during periods of heightened market activity.