🇰🇷 Korean Won Stablecoin KRWQ Joins FraxNet for Global Settlement

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 Frax maintains that money is fundamentally built on trust, which they've cultivated through consistent product delivery and security.

**frxUSD.b**, the Send-bridged version of Frax's stablecoin, has launched its first liquidity pool on Canton Network, paired with $CC. **Key developments:** - Send previously launched a Base-Canton bridge in May, with frxUSD as a Day 1 asset - frxUSD.b brings Frax's stablecoin infrastructure to Canton's institutional network - The integration marks expanding collaboration between Frax, Send, and Canton This deployment positions frxUSD as a core stablecoin option for institutions building on Canton Network.

**3Jane's credit-based money market has officially launched to the public**, selecting a frxUSD PegKeeper pool for liquidity provision. **Key Details:** - Users can mint USD3 and provide liquidity in the USD3/frxUSD pool - Liquidity providers earn $JANE tokens as rewards - The pool is available on Curve Finance: [USD3/frxUSD pool](https://www.curve.finance/dex/ethereum/pools/0x7ba89bc658c07569cfa6d7947adaa80181a24568/deposit) **Context:** frxUSD PegKeeper pools recently surpassed $1 billion in trading volume on Curve Finance. The PegKeeper mechanism provides sustainable liquidity through yield-forwarding, making it an attractive choice for DeFi protocols seeking stable liquidity sources. This launch represents 3Jane's entry into the competitive DeFi money market space, leveraging established infrastructure from the Frax ecosystem.

**The Rollup's 'Stabled Up' series features an in-person conversation with Frax Founder and CEO Sam Kazemian in New York City.** Key discussion points: - Growth trajectory for Frax and frxUSD amid increasing stablecoin adoption - Strategic vision for the protocol's expansion - Market positioning as stablecoins gain mainstream traction This special episode offers insights into how Frax plans to capitalize on the broader stablecoin market's momentum. The interview provides a direct look at leadership perspectives on navigating the evolving digital currency landscape. Watch the full episode on [The Rollup's platform](https://www.youtube.com/therollupco).