Frax confirms frxUSD as default stablecoin on FablesFi markets
Frax Finance confirmed frxUSD is a default stablecoin on FablesFi markets on Robinhood Crypto, paired with Arrow Finance's aUSD, Own's eUSD, and Saffron's SFI, with more pairs to come. The frxUSD/eUSD PegKeeper pool, launched with Own, pairs frxUSD against eUSD, an overcollateralized stablecoin minted against eSPY (tokenized S&P 500 exposure).
- frxUSD confirmed as the default stablecoin across all three FablesFi pairings
- Pool live on FablesFi on Robinhood Chain, alongside the aUSD and SFI markets
- Frax says it operates in positive-sum with DeFi innovators as the rollout expands
Sources
- We are excited to have frxUSD as a default stablecoin on @fablesfi markets on @RobinhoodCrypto, paired with: ¤ @ArrowFinanceio aUSD ¤ @owndotmoney eUSD ¤ @Saffron SFI ¤ more to come... As always, Frax operates in positive-sum with DeFi innovators. https://t.co/q8foSCzUbFx.com ↗
- A new frxUSD PegKeeper pool is live on @RobinhoodCrypto with @owndotmoney eUSD. Own eUSD is an overcollateralized stablecoin minted against eSPY, tokenized S&P 500. The frxUSD/eUSD pool is now live on @fablesfi. Get started: https://t.co/BUgPQAodz3 https://t.co/Iz3QJ043Wox.com ↗
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.
