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Frax Stablecoin Backing to Feature Layer 1 Tokens, Real-World Loans

Using real assets will allow Frax’s products to operate as intended even in a bear market.

Updated May 11, 2023, 5:29 p.m. Published Apr 8, 2022, 8:40 a.m.
Frax to create additional layer of security for its stablecoin. (Pixabay, modified by CoinDesk)
Frax to create additional layer of security for its stablecoin. (Pixabay, modified by CoinDesk)