Frax USD

About Frax USD token

Frax is aiming to build a stablecoin system which is accessible to all focusing on the world’s financial challenges. At the center of Frax’s ecosystem is the frxUSD, a stablecoin pegged to dollar fiat and secured by U.S. Treasury tokens, guaranteeing safety and growth. This stablecoin is backed by major financial institutions like BlackRock and Superstate whose focus is trustable transparency. Expanding on the infrastructure, Frax created the Frax Tal Blockchain which is an EVM compatible layer 1 blockchain with Ethereum level security aiming for real time blocks with over 100k TPS while being low cost and highly scalable. This will seamlessly integrate within the Frax ecosystem, improving performance and access. Furthermore, Frax covers offers a Robo advisor in the form of FraxNet, a non-custodial service where users mint, redeem, and earn up to 4.1% APY on frxUSD. The service allows direct wallet and asset integrations, making it easier to participate and providing financial sovereignty across borders. With these innovations, Frax looks to change the way money moves in the digital era.