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Frax Finance may buy large amounts of major cryptos to back its stablecoin

www.theblockcrypto.com

The plan could see Frax buying up coins in proportion to the supply of its stablecoin on their respective blockchains. The post Frax Finance may buy large amounts of major cryptos to back its stablecoin appeared first on The Block.

Timeline of Frax

Bitcoin Bitcoin
62749.6000 2.54%
Ethereum Ethereum
2960.46000 1.05%
BNB BNB
593.522000 -0.02%
Solana Solana
145.914000 0.44%
XRP XRP
0.50724000 0.46%