Frax Finance to Issue Native Assets on Fantom's Sonic
Frax Finance to Issue Native Assets on Fantom's Sonic
🚀 Frax Expands Reach
Frax Finance, the protocol behind the world's first fractional-algorithmic stablecoin, is set to issue its native assets on Fantom's Sonic platform. This move will allow users to access and integrate Frax's growing list of assets, including $FRAX, $frxETH, $FPI, $FXS, and more, within the Fantom ecosystem. The integration is expected to further enhance the yield opportunities and decentralized finance (DeFi) capabilities for users on both platforms.
Looking forward to having @fraxfinance issue native Frax Assets on @FantomFDN's Sonic! All of DeFi is familiar with, enjoys yield, and integrates Frax's growing list of assets. Now soon on Sonic! $FRAX, $frxETH, $FPI, $FXS & more. 🚀🤝
We are thrilled to announce the first of many angel investors that have joined our round! Sam Kazemian (@samkazemian ) is the founder of @FraxFinance ✦, one of the largest DeFi protocols with over $1.6bn in assets such as sfrxETH and the FRAX stablecoin. 🌐 Frax is committed
Frax Launches Dual-Yield Stablecoin Pool with Origin Protocol on Curve
A new liquidity pool pairing frxUSD and Origin Protocol's OUSD has launched on Curve Finance. The pool stands out by combining yield from two sources: - **frxUSD yield-forwarding incentives** - **OUSD native yield rewards** This dual-incentive structure aims to create a more sustainable stablecoin pool compared to traditional offerings in DeFi. The pool is part of Frax's PegKeeper system, which helps maintain stablecoin price stability. Users can begin depositing through [Curve Finance](https://www.curve.finance/dex/ethereum/pools/factory-stable-ng-584/deposit).
Frax Launches Automated Yield Vault for frxUSD Stablecoin
Frax has launched the **frxUSD+ Vault** through Concrete Earn, offering automated yield generation for its frxUSD stablecoin. **Key Features:** - Single-asset, one-click yield experience - Automated deployment across multiple DeFi strategies - Risk-aware rebalancing based on market conditions - Fully on-chain and transparent operations - Eliminates need for manual strategy management The vault architecture automatically optimizes returns while managing liquidity and risk parameters, simplifying the yield-earning process for frxUSD holders.
Frax Positions frxUSD as Third Major Stablecoin Alongside USDC and USDT
Frax is positioning **frxUSD** to become the third default stablecoin in the market, alongside established players USDC and USDT. **Key developments:** - The project acknowledges that while many stablecoins will launch, only a few will achieve standard status - Frax is forming partnerships with multiple projects to establish frxUSD's position - The strategy focuses on integration with on-chain neobanks as a key distribution channel **Infrastructure approach:** - FraxNet serves dual purposes as both a neobank and underlying infrastructure - The platform is designed to power other crypto neobanks, not just operate independently - This infrastructure-first strategy aims to embed frxUSD across the emerging neobank sector The announcement signals Frax's ambition to compete in the increasingly crowded stablecoin market by focusing on strategic partnerships and infrastructure positioning rather than direct consumer adoption alone.
🇰🇷 Korean Won Stablecoin KRWQ Joins FraxNet for Global Settlement
**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)
frxUSD Joins Elite Group as DEIN Insurance Platform Launches with Only Three Supported Stablecoins
**frxUSD selected for exclusive DeFi insurance launch** DEIN.fi has chosen only **three stablecoins** for its insurance platform launch: - frxUSD - USDC - USDT This partnership positions frxUSD as **collateral** for DeFi insurance products, marking a significant step toward making decentralized finance safer for users. The collaboration aligns with Frax's mission to enhance DeFi security and demonstrates growing institutional confidence in frxUSD's stability and utility.