Frax Force

"...the unbundling of finance. We are rebundling it in a composable, open, meaningful way." Crypto and TradFi are merging. @samkazemian expects @money2020 conference to be 50/50 crypto and fintech next year. When two worlds merge, you need something that connects them. That's FraxNet: one network where partners plug in and every user makes every app more useful. Some takes from his talk at the Ethereum Stablecoin Summit by @ETHGlobal 👇

Supply $frxUSD. Earn 20%. 👀 The Frax Ecosystem Accelerator on @Morpho is live, and frxUSD suppliers are currently earning 20.25% net APY. Supply frxUSD → it's lent to frxUSD LPs borrowing against their @StakeDAOHQ Curve LPs → you earn the interest plus frxUSD, WFRAX and USDC rewards. Sponsored by @fraxfinance, curated by @crossworldsfi. Be fast or be last, Only while the rewards last!

We're seeing more and more consortiums form, and a steady stream of companies and banks reaching the same conclusion: they want their own stablecoin. Three reasons keep coming up: Efficiency. Dollars that move onchain 24/7, across chains, instead of waiting on banking hours and wire cut-offs. Control. Your brand, your users, your distribution, instead of growing someone else's coin. A new revenue stream. A stablecoin is a float business. Users hold the dollar, the reserves sit in T-bills, and the issuer earns the yield. Every $100M held in someone else's stablecoin is millions a year earned by someone else. Issue your own, and that yield becomes yours, to keep or to streamline back to users as rewards. But launching a stablecoin isn't the hard part anymore. Choosing what it stands on is. Your coin is only as strong as what's underneath it: the reserves, the redemptions, the security and the liquidity. If any of that breaks, it's your brand on the line. In this new world, who you issue with matters more than anything. Here's why we think @fraxfinance is the go-to. Through FraxNet, Frax offers Stablecoins as a Service: you launch your own branded dollar on the same infrastructure that already runs frxUSD, its Treasury-backed stablecoin. Your coin inherits everything underneath it: Real backing: Every token is backed 1:1 by $frxUSD in an auditable custodian vault. frxUSD is backed by tokenized Treasury funds like BlackRock BUIDL, WisdomTree WTGXX and Superstate USTB, with reserves verified on @DefiLlama. Real redemptions: Redeem 1:1 back to onchain dollars, 24/7 through FraxNet. Verified users can off-ramp straight to a U.S. bank account via ACH and wire. Real security: A multi-audited stack, built by a team that has run stablecoins onchain since 2020, and designed by Frax to be GENIUS Act compatible. Real liquidity: Your coin redeems 1:1 into frxUSD and moves through FraxZero, with Fraxtal as the hub. 1:1 mint and burn across 20+ chains. Real economics: The T-bill yield on your reserves is passed to you, tracked on a live balance sheet. Stablecoins give businesses new ways to put their money to work: faster and cheaper to move, earning while it sits, and available to anyone, anywhere, around the clock. That means a better deal for them, a better product for their users, and new customers they could never reach through TradFi rails alone. You bring the brand. Frax brings the full stack.