Frax Finance partners with Noble to bring FRAX and sFRAX tokens to Cosmos ecosystem
Frax Finance has partnered with Noble to bring its stablecoin FRAX and staked version sFRAX to the Cosmos ecosystem. Noble is a blockchain designed to issue native digital assets to Cosmos, which comprises about 80 blockchains. The move is expected to boost adoption of FRAX and sFRAX in diverse applications, including trading, savings, payments and collateral, while offering Cosmos users a decentralized alternative to USDC. Frax Finance is a full-fledged DeFi ecosystem offering stablecoins, liquidity staking on Ethereum, a layer 2 platform, and lending markets.
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