Frax

**Somnia Network has launched USDso**, its native stablecoin built on Frax's frxUSD infrastructure. **Key Features:** - Institutional-grade reserves backing the stablecoin - Native minting capabilities - Rewards model that distributes value to Somnia's protocols, builders, and liquidity providers This partnership leverages Frax's established stablecoin technology to power Somnia's ecosystem, following Frax's recent collaboration with [Stable](http://frax.com/swap) where frxUSD was selected as one of only two stablecoin options alongside USDT. The integration demonstrates growing institutional adoption of Frax's DeFi infrastructure across multiple blockchain networks.

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 is tracking toward record-breaking trading volumes for frxUSD PegKeeper pools, despite Bitcoin's decline. Stablecoin activity remains robust, with multiple protocols selecting frxUSD as their primary stablecoin pairing. **Key developments:** - Top volume drivers include Curve Finance's crvUSD and Metronome's msUSD pools - Parallel Finance's USDp chose frxUSD for default liquidity on Hyperliquid's HyperEVM, becoming the top Curve pool - Alto whitelisted frxUSD in its permissioned PSM to mint DUSD, with a new [DUSD/frxUSD Curve pool](https://www.curve.finance/dex/ethereum/pools/0x104d6a1b97a6cef88d905d7b865a378d90be932a/deposit) now live - frxUSD recently surpassed $1B in total trading volume Market volatility appears to be driving increased stablecoin trading activity, with frxUSD gaining traction as a preferred liquidity pair across multiple DeFi protocols.

**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.

**Tangent pre-deposits launch in one week**, featuring frxUSD as the default stablecoin alongside USDC. **Key details:** - Tangent integrates with frxUSD PegKeeper pools on Curve Finance - The integration expands frxUSD's role as a core DeFi stablecoin for onchain liquidity - frxUSD offers yield forwarding capabilities alongside its stability features The launch represents continued adoption of frxUSD as a foundational stablecoin for DeFi protocols.

Frax, Curve, Polygon, and DFB have launched onchain foreign exchange markets on Polygon, pairing frxUSD with five non-USD stablecoins. **Available Trading Pairs:** - BRZ (Brazilian Real) - tGBP (British Pound) - AUDF (Australian Dollar) - KRWQ (Korean Won) - IDRX (Indonesian Rupiah) - frxUSD-USDT0 (dollar liquidity) The collaboration addresses traditional FX market limitations including high fees and fragmented liquidity. DFB provides market-making services while incentives are currently active. [Access pools](https://www.curve.finance/dex/polygon/pools?search=frxusd&sort=-tvl)

**BRZ**, the Brazilian real-backed stablecoin from Transfero Group, has launched a new liquidity pool paired with frxUSD on [Curve Finance](https://curve.fi) on the Polygon network. **Key Details:** - BRZ maintains over $300M in total value locked (TVL) - Ranks as the 26th-largest stablecoin according to [DeFiLlama](https://defillama.com) - Fully backed by Brazilian real reserves - New pairing enables efficient swaps between BRZ and frxUSD This integration expands liquidity options for Brazilian real exposure in DeFi while connecting to Frax's stablecoin ecosystem on Polygon's low-fee network.

**HTX Exchange Integration** Frax Finance's FXS token is upgrading to FRAX on HTX Global exchange. This follows a similar upgrade on Crypto.com in January 2026. **What is FRAX?** - Serves as the ecosystem token for Frax Finance - Functions as gas token on Fraxtal L1 blockchain - Provides exposure to frxUSD, a GENIUS-compatible stablecoin **Background Context** The rebrand addresses confusion from Frax's evolution from fractionally-backed to fully-collateralized stablecoin: - Original $FRAX stablecoin → $frxUSD - Governance token $FXS → $FRAX Fraxtal, built on Optimism, has grown to over $250M in TVL and focuses on AI integration with near-zero gas fees. [Learn more from HTX](https://www.htx.com/support/25026226006106)

**frxUSD Gains Protocol Adoption** frxUSD is expanding beyond liquidity pool pairings to become a default stablecoin for DeFi protocols. Scale is now channeling frxUSD yield into three key areas: - Token buybacks - Liquidity pool boosts - Treasury growth This integration demonstrates how protocols can leverage stablecoin yield to improve their economic sustainability. The move follows frxUSD's establishment as a standard pairing in liquidity pools across DeFi.

**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)