Frax USD price

By Alex Liu, Foresight News The Stablecoin Act vs. FXS On May 20, the GENIUS Act, a legislative bill for stablecoins in the United States, was voted in the Senate, and there are still two major steps before the House of Representatives vote and the president's signature. Markets previously believed that a vote in the Senate was the biggest obstacle to the bill's passage, and barring any surprises, it would only be a matter of time before the bill was fully passed. Which crypto project is the biggest winner of this legislative victory? In terms of token price performance, it could be Frax Finance. With the passage of the bill in the Senate, the Frax Finance token FXS (now renamed FRAX, which has not yet been updated on centralized exchanges) briefly rose above 4.4 USDT, ranking first among mainstream exchanges. Even with a slight correction in the price at the moment, FXS is still up more than 100% in the month. Why is the bill good for Frax Finance, and why is Frax seen by some as the biggest winner of the GENIUS Act? Frax Finance Frax Finance's products are not just stablecoins, but also liquid staking, lending, L2, and more. But they have deep roots in stablecoins. Frax used to be the issuer of the hybrid algorithmic stablecoin FRAX, but it abandoned the "computational" track after the Luna UST crash and transformed into a fully collateralized stablecoin. Since then, FRAX has been further updated to frxUSD, secured by fiat currency, "with the entire roadmap to become the first licensed fiat currency stablecoin". Frax founder Sam hinted that Frax benefited the most from the bill But why did frxUSD become the "first" licensed fiat currency stablecoin before USDC, USDY and other products? At the regulatory level, it really has the possibility of "being close to the water, first getting the first month". Sam Kazemian, the founder of Frax Finance, has frequently posted photos of himself with crypto legislators in Washington, D.C., since the beginning of the year. He is rumored to have been deeply involved in the discussion and drafting of the GENIUS Act as an industry insider. The market seems to be pricing in the regulatory advantage that Frax Finance will have accordingly. Sam poses with crypto-friendly Senator Lummis If the speculation is true, Sam, as a drafter and participant in the bill, naturally has a deeper understanding of the GENIUS Act, and it is easier for his project to meet the requirements. In addition, it remains to be seen whether friendly relations with legislators will give the regulatory green light for the future of FRAX. The future route of FRAX In addition to potential regulatory opportunities, FRAX is building a vertically integrated stablecoin ecosystem, including frxUSD (stablecoin), FraxNet (bank interface), and Fraxtal (L2 execution layer), to accommodate the needs of the future regulatory environment: frxUSD: As a stablecoin for FRAX, pegged 1:1 to the U.S. dollar. FraxNet: A banking interface designed to connect the traditional financial system with DeFi. Fraxtal: An L2 execution layer (or a gradual shift to L1) that provides efficient trading and scalability. The token restructuring is also part of FRAX's future plans. FXS has rebranded to FRAX and given it features such as Gas, Governance, Burning, and Staking. This change is designed to enhance FRAX's functionality and market competitiveness, allowing it to operate more flexibly in a compliant environment. Staking FRAX as veFRAX can get potential rewards such as FXTL (Frax's own points), Karak, Ethena, and Symbiotic points. The founders actively operate and participate in stablecoin-related legislation, and their own product roadmap is actively adjusted to narrative services. With the further implementation of the GENIUS Act, the performance of FXS (FRAX) is worth looking forward to.

Original title: "Why did FRAX become the biggest winner after the stablecoin bill passed?" 》 Original article by Alex Liu, Foresight News The Stablecoin Act vs. FXS On May 20, the GENIUS Act, a legislative bill for stablecoins in the United States, was voted in the Senate, and there are still two major steps before the House of Representatives vote and the president's signature. Markets previously believed that a vote in the Senate was the biggest obstacle to the bill's passage, and barring any surprises, it would only be a matter of time before the bill was fully passed. Which crypto project is the biggest winner of this legislative victory? In terms of token price performance, it could be Frax Finance. With the passage of the bill in the Senate, the Frax Finance token FXS (now renamed FRAX, which has not yet been updated on centralized exchanges) briefly rose above 4.4 USDT, ranking first among mainstream exchanges. Even with a slight correction in the price at the moment, FXS is still up more than 100% in the month. Why is the bill good for Frax Finance, and why is Frax seen by some as the biggest winner of the GENIUS Act? Frax Finance Frax Finance's products are not just stablecoins, but also liquid staking, lending, L2, and more. But they have deep roots in stablecoins. Frax used to be the issuer of the hybrid algorithmic stablecoin FRAX, but it abandoned the "computational" track after the Luna UST crash and transformed into a fully collateralized stablecoin. Since then, FRAX has been further updated to frxUSD, secured by fiat currency, "with the entire roadmap to become the first licensed fiat currency stablecoin". Frax founder Sam hinted that Frax benefited the most from the bill But why did frxUSD become the "first" licensed fiat currency stablecoin before USDC, USDY and other products? At the regulatory level, it really has the possibility of "being close to the water, first getting the first month". Sam Kazemian, the founder of Frax Finance, has frequently posted photos of himself with crypto legislators in Washington, D.C., since the beginning of the year. He is rumored to have been deeply involved in the discussion and drafting of the GENIUS Act as an industry insider. The market seems to be pricing in the regulatory advantage that Frax Finance will have accordingly. Sam poses with crypto-friendly Senator Lummis If the speculation is true, Sam, as the drafter and participant of the bill, naturally has a deeper understanding of the GENIUS Act, and it is easier for his project to meet the requirements. In addition, it remains to be seen whether friendly relations with legislators will give the regulatory green light for the future of FRAX. The future route of FRAX In addition to potential regulatory opportunities, FRAX is building a vertically integrated stablecoin ecosystem, including frxUSD (stablecoin), FraxNet (bank interface), and Fraxtal (L2 execution layer), to accommodate the needs of the future regulatory environment: · frxUSD: As a stablecoin for FRAX, pegged 1:1 to the U.S. dollar · FraxNet: A banking interface designed to connect the traditional financial system with DeFi · Fraxtal: An L2 execution layer (or a gradual shift to L1) that provides efficient trading and scalability The token restructuring is also part of FRAX's future plans. FXS has rebranded to FRAX and given it features such as Gas, Governance, Burning, and Staking. This change is designed to enhance FRAX's functionality and market competitiveness, allowing it to operate more flexibly in a compliant environment. Staking FRAX as veFRAX can get potential rewards such as FXTL (Frax's own points), Karak, Ethena, and Symbiotic points. The founders actively operate and participate in stablecoin-related legislation, and their own product roadmap is actively adjusted to narrative services. With the further implementation of the GENIUS Act, the performance of FXS (FRAX) is worth looking forward to. Link to original article

Original article by Alex Liu, Foresight News The Stablecoin Act vs. FXS On May 20, the GENIUS Act, a legislative bill for stablecoins in the United States, was voted in the Senate, and there are still two major steps before the House of Representatives vote and the president's signature. Markets previously believed that a vote in the Senate was the biggest obstacle to the bill's passage, and barring any surprises, it would only be a matter of time before the bill was fully passed. Which crypto project is the biggest winner of this legislative victory? In terms of token price performance, it could be Frax Finance. With the passage of the bill in the Senate, the Frax Finance token FXS (now renamed FRAX, which has not yet been updated on centralized exchanges) briefly rose above 4.4 USDT, ranking first among mainstream exchanges. Even with a slight correction in the price at the moment, FXS is still up more than 100% in the month. Why is the bill good for Frax Finance, and why is Frax seen by some as the biggest winner of the GENIUS Act? Frax Finance Frax Finance's products are not just stablecoins, but also liquid staking, lending, L2, and more. But they have deep roots in stablecoins. Frax used to be the issuer of the hybrid algorithmic stablecoin FRAX, but it abandoned the "computational" track after the Luna UST crash and transformed into a fully collateralized stablecoin. Since then, FRAX has been further updated to frxUSD, secured by fiat currency, "with the entire roadmap to become the first licensed fiat currency stablecoin". Frax founder Sam hinted that Frax benefited the most from the bill But why did frxUSD become the "first" licensed fiat currency stablecoin before USDC, USDY and other products? At the regulatory level, it really has the possibility of "being close to the water, first getting the first month". Sam Kazemian, the founder of Frax Finance, has frequently posted photos of himself with crypto legislators in Washington, D.C., since the beginning of the year. He is rumored to have been deeply involved in the discussion and drafting of the GENIUS Act as an industry insider. The market seems to be pricing in the regulatory advantage that Frax Finance will have accordingly. Sam poses with crypto-friendly Senator Lummis If the speculation is true, Sam, as a drafter and participant in the bill, naturally has a deeper understanding of the GENIUS Act, and it is easier for his project to meet the requirements. In addition, it remains to be seen whether friendly relations with legislators will give the regulatory green light for the future of FRAX. The future route of FRAX In addition to potential regulatory opportunities, FRAX is building a vertically integrated stablecoin ecosystem, including frxUSD (stablecoin), FraxNet (bank interface), and Fraxtal (L2 execution layer), to accommodate the needs of the future regulatory environment: frxUSD: As a stablecoin for FRAX, pegged 1:1 to the US dollar. FraxNet: A banking interface designed to connect the traditional financial system with DeFi. Fraxtal: An L2 execution layer (or a gradual shift to L1) that provides efficient trading and scalability. The token restructuring is also part of FRAX's future plans. FXS has rebranded to FRAX and given it features such as Gas, Governance, Burning, and Staking. This change is designed to enhance FRAX's functionality and market competitiveness, allowing it to operate more flexibly in a compliant environment. Staking FRAX as veFRAX can get potential rewards such as FXTL (Frax's own points), Karak, Ethena, and Symbiotic points. The founders actively operate and participate in stablecoin-related legislation, and their own product roadmap is actively adjusted to narrative services. With the further implementation of the GENIUS Act, the performance of FXS (FRAX) is worth looking forward to. Link to original article

Curve Finance powers a vast DeFi ecosystem, with integrations spanning Convex, Yearn, Frax, Resupply, and Gearbox, offering stablecoin liquidity, lending through Curve Lend, and automated yield strategies.