Frax Finance, the issuer of the stablecoin frax usd (FRAX), which currently ranks ninth among fiat-pegged tokens by market capitalization, is considering adding Blackrock's BUIDL token as a backup backing asset. A vote on the ruling, scheduled to conclude on December 31, 2024, will decide the fate of the proposal. FIP-418: Frax Finance Balances (...)

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