Frax Finance will set up a reserve crypto fund similar to Terra
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Frax Finance will set up a reserve crypto fund similar to Terra
Algorithmic stablecoin platform Frax Finance plans to acquire “billions of dollars” worth of tokens to create a reserve fund for the FRAX algorithmic stablecoin. The project’s founder, Sam Kazemyan, told The Block about it. The FRAX stablecoin is backed by the native token of the Frax Shares (FXS) project and the centralized “stablecoin” USDC. The […] The post Frax Finance will set up a reserve..
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