Frax

24h change: -0.08%. From $0.9917 to $0.9909.

• Frax Finance's frxUSD stablecoin went live on the Aave V4 lending protocol as a default borrowable asset. Governance approved up to $27.5 million in deployments across Aave V4 and Morpho vaults to support liquidity and peg stability. This move positions frxUSD in key DeFi lending markets from launch day.
• Sonic Labs integrated Frax infrastructure to launch USSD, a native USD stablecoin backed 1:1 by U.S. Treasury bills. Designed for stable liquidity across the Sonic network, it supports on-chain financial activity with zero minting fees. This expands Frax's stablecoin tech into new ecosystems.

24h change: +0.03%. From $0.9916 to $0.9919.

• Sonic Labs launched its native stablecoin USSD built on Frax's modular frxUSD infrastructure. The token is backed by tokenized U.S. Treasuries from BlackRock, WisdomTree, and Superstate, with cross-chain support via LayerZero. This partnership expands Frax's role in enabling customizable, institutional-grade stablecoins across networks.
• Frax governance passed FIP-441, transitioning to a single FRAX token system with defined ownership and revenue sharing. This completes the post-rebrand structure from FXS. The update aims to support growth through disciplined monetary policy and ecosystem incentives.

24h change: -0.04%. From $0.9917 to $0.9913.

• Frax Finance's frxUSD stablecoin is now available as a borrowable asset on the newly launched Aave V4 protocol. It features in the Core Hub's Main, Gold, and Forex spokes under the initial configuration. The move supports enhanced liquidity and on-chain financial stability.
• Sonic Labs launched its native USSD stablecoin built on Frax's GENIUS-compatible frxUSD infrastructure. The token is backed accordingly to expand stablecoin options on the network. This partnership highlights Frax's modular stablecoin technology adoption.

24h change: +0.86%. From $0.9829 to $0.9913.

• Sonic Labs built its USSD stablecoin using Frax's GENIUS-compatible modular frxUSD infrastructure backed by real-world assets. The token provides native stablecoin liquidity on the Sonic network. This highlights Frax's expanding role in cross-chain stablecoin issuance and DeFi composability
• Frax community voted to deploy $20 million of stablecoin collateral into U.S. Treasury bills via Centrifuge Prime. This shift aims to leverage real-world assets for backing. It supports stability and potential regulatory compliance for yield activities

24h change: -0.73%. From $0.9903 to $0.9831.

• Sonic Labs selected Frax infrastructure to introduce a native stablecoin backed by real-world assets on its network. This move aims to provide stable liquidity supporting long-term ecosystem growth. It demonstrates Frax's technology adoption beyond its core protocol.
• Frax Finance executed the North Star Hardfork, renaming FXS to FRAX and introducing upgrades including a new fully-collateralized stablecoin frxUSD. The change shifts to a hybrid model with governance-approved custodians for reserves. This marks a significant evolution in the protocol's stablecoin issuance.