Frax launches six fiat stablecoin FX pairs vs frxUSD on Base
Frax Finance announced that onchain FX is live on Base: six local-currency stablecoins now trade directly against frxUSD on Aerodrome, with FX infrastructure from DFB. The pairs are BRZ (Brazilian real), CADD (Canadian dollar), tGBP (British pound), IDRX (Indonesian rupiah), ZARP (South African rand), and AUDF (Australian dollar), with frxUSD as the dollar leg of each pair.
- Six currencies, one base pair, settling 24/7 on Base
- Pairs are live on Aerodrome; DFB provides the FX infrastructure
- Frax says the markets can expand within Aerodrome's universe as volume grows
Frax framed the launch around the size of traditional FX — trillions traded daily, almost none onchain — positioning frxUSD as the dollar side of emerging onchain currency markets.
Sources
- 8/ The dollar is on one side of 90% of global FX trades. In these markets, that dollar is frxUSD. Six currencies, one base pair, settling 24/7 on @base. As volume grows here, the markets grow with @aeroxyz. Trade onchain FX on Aerodrome: https://t.co/ZbTcQCBMZe Replying to their earlier post: 7/ 🇦🇺 AUDF / frxUSD @ForteAUD's AUDF is an Australian dollar stablecoin. Aussie dollar liquidity, paired with frxUSD on Aerodrome. https://t.co/3KZJleKuF6x.com ↗
- 7/ 🇦🇺 AUDF / frxUSD @ForteAUD's AUDF is an Australian dollar stablecoin. Aussie dollar liquidity, paired with frxUSD on Aerodrome. https://t.co/3KZJleKuF6 Replying to their earlier post: 6/ 🇿🇦 ZARP / frxUSD @ZARP_Stablecoin's ZARP is the South African rand, onchain. The rand now has a direct pair with frxUSD on @aeroxyz, no correspondent bank in between. https://t.co/OLyyZVpaYsx.com ↗
- 4/ 🇬🇧 tGBP / frxUSD @tokenGBP's tGBP is a British pound stablecoin, issued in the UK. Sterling against the dollar, the oldest pair in FX, now trades onchain on @aeroxyz. https://t.co/foi6RNCS7p Replying to their earlier post: 3/ 🇨🇦 CADD / frxUSD @TetraDigitalGrp's CADD is Canada's first CAD-backed stablecoin issued by a financial institution, approved by Alberta regulators. Canadian dollar liquidity, paired with frxUSD…x.com ↗
- 6/ 🇿🇦 ZARP / frxUSD @ZARP_Stablecoin's ZARP is the South African rand, onchain. The rand now has a direct pair with frxUSD on @aeroxyz, no correspondent bank in between. https://t.co/OLyyZVpaYs Replying to their earlier post: 5/ 🇮🇩 IDRX / frxUSD @idrx_co's IDRX is the Indonesian rupiah stablecoin, built for the world's fourth most populous country. Rupiah liquidity, paired with frxUSD on @aeroxyz. https://t.co/2cnDrFqI…x.com ↗
- 5/ 🇮🇩 IDRX / frxUSD @idrx_co's IDRX is the Indonesian rupiah stablecoin, built for the world's fourth most populous country. Rupiah liquidity, paired with frxUSD on @aeroxyz. https://t.co/2cnDrFqIjG Replying to their earlier post: 4/ 🇬🇧 tGBP / frxUSD @tokenGBP's tGBP is a British pound stablecoin, issued in the UK. Sterling against the dollar, the oldest pair in FX, now trades onchain on @aeroxyz. https://t.co/foi6RNCS7px.com ↗
- 3/ 🇨🇦 CADD / frxUSD @TetraDigitalGrp's CADD is Canada's first CAD-backed stablecoin issued by a financial institution, approved by Alberta regulators. Canadian dollar liquidity, paired with frxUSD on @aeroxyz. https://t.co/i1j16mcZUv Replying to their earlier post: 2/ 🇧🇷 BRZ / frxUSD @transferogroup's BRZ is the world's first Brazilian real stablecoin, and the most widely adopted. The real now has a deep onchain pair against the dollar: BRZ / frxUSD on @aero…x.com ↗
- 2/ 🇧🇷 BRZ / frxUSD @transferogroup's BRZ is the world's first Brazilian real stablecoin, and the most widely adopted. The real now has a deep onchain pair against the dollar: BRZ / frxUSD on @aeroxyz. https://t.co/ydctYp8C8Q Replying to their earlier post: 1/ Onchain FX is live on @base 🌍 Six local currency stablecoins trade against frxUSD on @aeroxyz with @DFB_DeFi: BRZ, CADD, tGBP, IDRX, ZARP, and AUDF. FX trades trillions a day, almost none onchai…x.com ↗
- 1/ Onchain FX is live on @base 🌍 Six local currency stablecoins trade against frxUSD on @aeroxyz with @DFB_DeFi: BRZ, CADD, tGBP, IDRX, ZARP, and AUDF. FX trades trillions a day, almost none onchain. As demand builds on Base, these markets expand into Aero's new universe. https://t.co/o7UfZjgVqpx.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.
