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Frax Finance to retire algorithmic backing amid stablecoin crackdown

February 23, 2023 by DIGIT

The vote was passed to fully collateralize Frax Finance’s native stablecoin, thus phasing out its algorithmic backing. Go to Source Powered by WPeMatico

Categories algorithmic, collateral, FRAX, Frax Finance, frxETH, FXS, Stablecoins


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  • bitcoinBitcoin(BTC)$87,712.000.41%
  • ethereumEthereum(ETH)$2,941.510.48%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$840.480.69%
  • rippleXRP(XRP)$1.871.24%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$123.961.05%
  • tronTRON(TRX)$0.2835731.31%
  • staked-etherLido Staked Ether(STETH)$2,940.840.54%
  • dogecoinDogecoin(DOGE)$0.1239450.98%