Coinspeaker
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 just the beginning; the company has set its sights on a l...