Part-collateralized, part-algorithmically stabilized stablecoin, FRAX is the world’s first fractional-algorithmic stablecoin. The Frax protocol is ideologically pure, extremely stable, and highly scalable on-chain money that consists of a two-token system. The stablecoin Frax (FRAX), and the governance token Frax Shares (FXS).
As Cryptocurrencies Rise so Too Stablecoins
Amongst economical uncertainty and global financial instability, cryptocurrencies have been evolving rapidly. Cast aside as ‘fake’ online money by the masses for years, the canyon between fiat and crypto was stark until stablecoins began to bridge the gap. Paired directly to fiat currency prices, stablecoins have provided the much-needed stability required for many merchants, global institutions, and countries to participate in the crypto space.
As the demand for cryptocurrencies continues to rise, so too does the demand for stablecoins and their development. This is evidenced by the current stablecoin market capi
Źródło: https://news.bitcoin.com/algorithmic-stability-how-frax-is-developing-the-future-of-stablecoins/
