Frax

**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 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.

**New incentives launched** for the frxUSD/wBLT liquidity pool on Deli Swap by BMX DeFi. **Key benefits:** - frxUSD's revenue-sharing model offers better capital efficiency than USDC/USDT - Perfect pairing with wBLT's productive liquidity vault - Now live on Base network **Why it matters:** This combination leverages frxUSD's Treasury-backed rewards system with wBLT's yield-generating capabilities, creating a more attractive option for liquidity providers. [Start providing liquidity](https://www.deliswap.com/#/explore/pools/base/0x3779354f8c0065d70f35115508d040008ccf2e6a246d80c4db994e4684e2f72a?chain=base&from=0x4E74D4Db6c0726ccded4656d0BCE448876BB4C7A&tab=swap)

**Partnership Expansion in DeFi** Frax Protocol celebrates its collaboration with Protocol FX, which recently secured approval for a new trading pair on Curve Finance. **Key Development:** - Protocol FX's fxUSD will be paired with Frax's frxUSD on Curve Finance - Partnership represents positive-sum collaboration in DeFi ecosystem - Initiative aims to expand onchain adoption **Strategic Focus** The collaboration highlights Frax's commitment to building partnerships that advance decentralized finance infrastructure and bring more users onchain through cooperative efforts.

**Curve Finance founder proposes expansion plan** Michael Egorov (@newmichwill) has put forward a proposal to scale @yieldbasis through expanded crvUSD pools. **Key details:** - Pool expansion would include USDC, USDT, and frxUSD - Strategy focuses on growing liquidity across major stablecoins - frxUSD highlighted as GENIUS-compliant and Treasury-backed **Background context:** frxUSD operates as a stablecoin built to GENIUS standards with full backing from tokenized Treasuries. The token maintains deep DeFi integration through various Curve pools on Ethereum. Current frxUSD pairs include partnerships with Bedrock's uniBTC, Falcon's USDf, Sky's sUSDS, and Curve's native crvUSD. *This proposal represents another step in DeFi's ongoing liquidity optimization efforts.*

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

Fraxtal, now a top 4 sovereign rollup with $300M TVL, announces major updates coming in February 2024: - Implementation of real-time blocks in 2025 - Partnership with IQWIKI for Agent Tokenization Platform - Development of AIVM (AI Virtual Machine) for onchain agents - Introduction of Frax Burn Engine (FBE) for gas fee management - FXTL tokenization with $FRAX tail emissions The protocol aims to excel in three key areas: decentralization/security, speed, and AI integration. Through Optimism Superchain, Fraxtal maintains Ethereum-level security while focusing on performance improvements and AI capabilities. *Note: Official updates only through Frax X and Telegram accounts.*