Frax and Own launch frxUSD/eUSD PegKeeper pool on Robinhood
Frax Finance launched a new frxUSD PegKeeper pool on Robinhood Chain with Own's eUSD, an overcollateralized stablecoin minted against eSPY, tokenized S&P 500 exposure. The frxUSD/eUSD pool is now live on FablesFi, extending Frax's Robinhood rollout to a second peg asset alongside aUSD.
- Overcollateralized eUSD is backed by tokenized S&P 500 exposure
- Pool live on FablesFi on Robinhood Chain
- Continues Frax's stable pool integrations as more Robinhood partners come online
Frax
Frax is the world’s first fractional-algorithmic stablecoin. The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
