Frax partners with Superstate on tokenized Treasury integration
Frax Finance announced a partnership with Superstate, the tokenized Treasury infrastructure provider, to combine DeFi and TradFi. Superstate brings its tokenized Treasury infra onchain, while Frax extends its utility through frxUSD, FraxNet, and DeFi-native distribution.
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.
