Frax Tokens To Be Natively Issued on Noble, Expanding Into Cosmos Ecosystem

Frax Finance is collaborating with Noble to expand Frax's products into the Cosmos ATOM/USD ecosystem, providing a relatively decentralized alternative to USDC USDC/USD. The collaboration allows Frax and sFrax tokens to be integrated natively across the Cosmos ecosystem — made up of over 80 interconnected blockchains — for various applications, including decentralized finance and payments. This is in addition to its current issuance on Ethereum ETH/USD, where it has a total value locked of over $1.1 billion.

Read the full story at The Block.