Arbitrum price plunged 0.78% to $0.585 during the U.S. trading session on Wednesday. The crypto market is still struggling to maintain a stable bullish recovery as Bitcoin wavers around the $60000 psychological market. Amid the volatile market, the ARB price managed to reclaim $5 support as Franklin Templeton launched its OnChain U.S. Government Money Fund (FOBXX) on the Arbitrum blockchain.
Arbitrum Price Gain Momentum as Franklin Templeton’s Digital Asset Fund Goes Live
On August 8th, the renowned asset management company Franklin Templeton launched its OnChain U.S. Government Money Fund (FOBXX) on the Arbitrum blockchain. Investors can access FOBXX through digital wallets via the Benji Investments platform, Franklin Templeton’s blockchain-integrated recordkeeping system.
The Arbitrum network is available to eligible investors upon request, enabling streamlined access to this U.S.-registered mutual fund within a blockchain environment.
Following the announcement, the Arbitrum
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