Frax Stablecoin Backing to Feature Layer 1 Tokens, Real-World Loans

April 8, 2022

The move will facilitate more FRAX based transactions on those blockchains and create greater demand for their layer 1 tokens, Kazemian said. Layer 1, or base, tokens are the native assets of individual blockchains, such as Ethereum, Avalanche, or Terra.

Source

Spread the love

Related posts

• 

  April 26, 2024 0

  OpenDelta Raises $2.5M to Build Bitcoin-Based Stablecoin Using Runes

  OpenDelta’s flagship token, USDO, will retain its dollar value by hedging bitcoin (BTC) deposited by users...

  ICO News 

• 

  April 26, 2024 0

  Pantera Capital wins another bid for discounted Solana tokens in FTX bankruptcy auction

  California-based venture capital firm Pantera Capital has reportedly won another bid for discounted SOL tokens from...

  CryptoX News News 

• 

  April 25, 2024 0

  Stripe reintroduces crypto payments via USDC stablecoin

  At the company’s Global Internet Economy conference on Thursday, Stripe revealed its decision to reintroduce support...

  CryptoX News News