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Frax Finance’s Strategic Leap into the Cosmos Ecosystem
This partnership marks a pivotal step in bringing the FRAX stablecoin and its staked version, sFRAX, from Ethereum to the Cosmos network, known for its interoperability among approximately 80 blockchains.
A Vision for Expansion and Adoption
At the core of this expansion lies a vision to amplify the adoption of FRAX and sFRAX across a myriad of applications, from trading to savings, payments, and collateral. Noble’s successful integration, which includes a substantial USDC circulation supply of over $195 million, serves as a testament to the potential for seamless asset integration across major Cosmos chains like Osmosis, dYdX, Celestia, Sei, and Injective. This collaboration paints a picture of a more liquid and interoperable Cosmos ecosystem, offering a decentralized stablecoin alternative with a promising outlook for widespread adoption.
Ambitious Targets and Roadmap
Frax Finance‘s expansion is jus
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