Frax Finance to Debut Its Ethereum Layer 2 in February: Founder

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.

The new offering will add to Frax’s existing product suite, which comprises FRAX, a fully collateralized algorithmic stablecoin, a lending platform, an automated market maker, an inflation-linked stablecoin, FPI, and the liquid staking token frxETH. As of the time of writing, FRAX has a market cap of $647 million, the seventh-largest stablecoin in the world, per CoinGecko.

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