frxUSD goes live on Alto Money as DUSD collateral
Frax Finance announced that frxUSD is now live on Alto Money as collateral to mint DUSD, with a 0% interest rate promo. Frax said Alto's strict risk framework assessed frxUSD as fully backed and institutional-grade, adding to the growing list of protocols choosing frxUSD.
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.
