Frax Finance Offers High Yields and a Tight Peg with Fraxtal Airdrop Eligibility

Binance has launched comprehensive trading support for FRAX, the fractional-algorithmic stablecoin. **Available Services:** - Binance Earn - Buy Crypto - Spot trading - Margin trading - Futures trading This follows Bybit's recent addition of FRAX spot trading pairs. The listings mark expanded exchange access for FRAX, which operates as a partially collateralized, partially algorithmic stablecoin. [Read Binance announcement](https://www.binance.com/en/support/announcement/detail/d3a87ea5cd69421884932ef7f91d6c5b)

Frax Finance has positioned its sfrxUSD as a leading yield-generating stablecoin option in the market. **Key Features:** - Currently offers the highest APY among major yield stablecoin options - Built by a team with 5 years of security track record - Designed as a "set-it-and-forget-it" savings solution - Available across 20+ blockchain networks The product aims to provide what Frax calls the "best risk-adjusted stable yield on-chain," targeting users seeking passive returns on their stablecoin holdings without active management.

Frax anticipates significant stablecoin expansion in 2026, driven by the rise of on-chain neobanks. **Key Points:** - **frxUSD** is positioned to become a standard stablecoin in the neobanking sector - **FraxNet** serves dual purposes: functioning as both a neobank and underlying infrastructure - The platform will power multiple crypto neobank platforms FraxNet, which launched in October 2025, offers open infrastructure that other platforms can integrate to enhance their financial services. Founder Sam Kazemian discussed the crypto neobank vision on Bankless, emphasizing FraxNet's role as a portal to stablecoin finance. The company plans to announce additional partnerships throughout the year as the on-chain neobank ecosystem develops.

Raac Finance has launched pmUSD, a stablecoin backed by physical gold, and selected frxUSD as its PegKeeper pairing partner. **Key Details:** - pmUSD is collateralized by precious metals, specifically gold - The partnership leverages frxUSD's rewards-sharing model to accelerate growth - Current incentives offer up to 200% APY for liquidity providers The collaboration follows frxUSD's strategy of partnering with other stablecoins through its PegKeeper mechanism, which shares rewards from underlying Treasury holdings to drive mutual growth.

**KRWQ**, the most traded Korean won stablecoin, has integrated with **FraxNet** to create an efficient KRW-USD settlement corridor. **Key developments:** - Built by IQ AI in collaboration with Frax using frxUSD infrastructure - Partners include BlackRock, Bridge, Superstate, and WisdomTree - Listed on major Korean exchanges: Upbit and Bithumb **Integration benefits:** - Unified, capital-efficient KRWUSD corridor for exchanges and DeFi platforms - New KRWQ/frxUSD liquidity pools, including first pool on Uniswap v4 - Enhanced global KRW settlement capabilities on-chain The integration leverages Frax's GENIUS-compatible network to provide deeper liquidity and streamlined cross-border settlement for Korean won transactions. [Read full press release](https://www.prnewswire.com/news-releases/krwq-the-most-traded-korean-won-stablecoin-joins-fraxnets-genius-compatible-network-302638607.html?tc=eml_cleartime)