Frax Integration and Utility Expansion on NEAR Protocol

**Frax Protocol** has opened the waitlist for **FraxNet**, a new account-based platform designed for cross-chain stablecoin operations. **Key Features:** - Mint, redeem, and earn across **20+ blockchain networks** - Built around **frxUSD**, Frax's flagship stablecoin - Complies with **GENIUS standards** for regulatory compliance **What This Means:** FraxNet aims to simplify multi-chain DeFi interactions by providing a unified interface for stablecoin management. The platform addresses the growing need for seamless cross-chain functionality as DeFi expands across multiple networks. The timing aligns with Frax's recent expansion to Unichain, positioning the protocol to capture users in emerging DeFi ecosystems. [Join the waitlist](http://net.frax.com) to get early access when the platform launches.

The GENIUS Act has officially become law, establishing the first comprehensive federal framework for payment stablecoins in the United States. This landmark legislation creates clear guidelines for digital dollar stablecoins like Frax USD and USDC. Key impacts: - First clear federal regulations for stablecoins - Enhanced security and compliance standards - Framework for mainstream financial integration Circle and Frax are positioning their stablecoins to operate under the new regulatory framework, aiming to provide compliant digital payment solutions. Learn more about the GENIUS Act at [Circle's overview](circle.com/genius-act)

Frax marked significant milestones at The Bitcoin Conference as official sponsors, engaging with over 35,000 attendees. **Key highlights**: - Meetings with lawmakers including J.D. Vance about stablecoin vision - CEO Sam Kazemian discussed future plans with GENIUS+STABLE Acts authors - frxUSD launch designed to meet new regulatory standards - Thousands visited Frax booths to discuss strategy The company is actively working with federal and state leaders to integrate regulated payment stablecoins into the financial system. Visit [frax.com](http://frax.com) to learn more.

Frax has integrated sfrxUSD with Sei Network, enhancing stablecoin functionality across DeFi applications including jlyvrs and synnax_labs. Key updates: - Direct conversion between frxUSD and sfrxUSD now available on Sei - Integration powered by LayerZero Core technology - Simple staking/unstaking process through [frax.com/earn](https://frax.com/earn) This expansion follows recent integrations with Sonic Labs and other platforms, demonstrating Frax's continued cross-chain growth strategy. *Security Note: Users should only access services through official Frax channels to avoid phishing attempts.*

Frax has launched a new yield-generating pool on Curve Finance in collaboration with Origin Protocol. The pool pairs frxETH with OETH and features LST (Liquid Staking Token) yield-boosted incentives. This follows Frax's recent expansion of yield opportunities, including their deployment on Fraxtal with dTRINITY_DeFi's lending loops and Ethena Labs integrations. - Pool is now live on Curve Finance - Features frxETH/OETH pairing - Includes LST yield boosting - Part of Frax's ongoing DeFi partnership strategy