Frax Finance, the issuer of the stablecoin frax usd (FRAX), which at the moment holds the ninth spot amongst fiat-pegged tokens by market capitalization, is weighing the addition of Blackrock’s BUIDL token as a reserve backing asset. A governance vote, scheduled to wrap up on Dec. 31, 2024, will determine the proposal’s destiny. FIP-418: Frax Finance Weighs […]
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