Glossary Term Definition
The next-generation stablecoin from the Frax Protocol, replacing the original FRAX token with full backing by BlackRock's BUIDL tokenized Treasury fund via Securitize. It represents Frax's shift from fractional-algorithmic stabilization to institutional-grade, fully reserved collateral.
Glossary Term
The next-generation stablecoin from the Frax Protocol, replacing the original FRAX token with full backing by BlackRock's BUIDL tokenized Treasury fund via Securitize. It represents Frax's shift from fractional-algorithmic stabilization to institutional-grade, fully reserved collateral.