Frax Finance is collaborating with Noble to expand Frax's products into the Cosmos (CRYPTO: ATOM) ecosystem, providing a relatively decentralized alternative to USDC (CRYPTO: USDC). 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 (CRYPTO: ETH), where it has a total value locked of over $1.1 billion.
Read the full story at The Block.
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