The vote was passed to fully collateralize Frax Finance’s native stablecoin, thus phasing out its algorithmic backing.
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The vote was passed to fully collateralize Frax Finance’s native stablecoin, thus phasing out its algorithmic backing.
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As long as stablecoin “liquidity is growing proportionally with each other,” there won’t ever be true competition between stablecoins, says Frax Finance’s Sam Kazemian.
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