{"id":30909,"date":"2024-04-05T10:41:51","date_gmt":"2024-04-05T10:41:51","guid":{"rendered":"https:\/\/icoinmarket.com\/frax-finance-dives-into-cosmos-a-massive-expansion-ahead\/"},"modified":"2024-04-05T10:41:51","modified_gmt":"2024-04-05T10:41:51","slug":"frax-finance-dives-into-cosmos-a-massive-expansion-ahead","status":"publish","type":"post","link":"http:\/\/icoinmarket.com\/frax-finance-dives-into-cosmos-a-massive-expansion-ahead\/","title":{"rendered":"Frax Finance Dives into Cosmos: A Massive Expansion Ahead"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div>\n<p>Frax Finance is expanding its reach by integrating with the Cosmos ecosystem through a partnership with Noble.<\/p>\n<p>This move will make Frax\u2019s stablecoin, FRAX, and its staked version, sFRAX, accessible within the Cosmos network, known for its interoperability across approximately 80 blockchains.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-frax-finance-enters-the-cosmos-ecosystem\">Frax Finance Enters the Cosmos Ecosystem<\/h2>\n<p>Introducing FRAX and sFRAX to the Cosmos ecosystem aims to provide users with additional options for trading, savings, payments, and collateral. Therefore, potentially enhancing the decentralized finance (DeFi) sector within Cosmos. This expansion represents a significant step for Frax Finance, extending the utility of its stablecoin beyond its Ethereum roots.<\/p>\n<p>Sam Kazemian, the founder of Frax Finance, emphasized the strategic importance of this initiative. He noted the potential for increased adoption and innovative applications that this partnership could foster within the Cosmos community. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cBringing native FRAX issuance to Cosmos has been a priority for some time, and we are thrilled to announce Noble as our issuance partner. We look forward to FRAX and sFRAX being available and are excited by the potential innovative use cases,\u201d Kazemian said.<\/p>\n<\/blockquote>\n<p>However, the specifics of how this integration will impact the broader Cosmos ecosystem and compete with existing stablecoins like USDT and USDC remain to be seen.<\/p>\n<p>Read more: A Guide to the Best Stablecoins in 2024<\/p>\n<p>Frax Finance\u2019s offerings include FRAX, sFRAX, and other financial instruments and platforms designed to support DeFi activities. The partnership with Noble may pave the way for future integrations and expansions. Therefore, it could potentially introduce additional Frax assets to the Cosmos ecosystem.<\/p>\n<div id=\"bic-c-disclimer-1010dd77-9e26-4b7a-8cc3-a90e0a007093\" class=\"p-5 mt-6 rounded-lg border border-grey-200 \">\n<div class=\"pl-8 text-grey-700 [&amp;_p:not(.dh)]:!p4 [&amp;_p:not(.dh)]:!p4--ns [&amp;_p:not(.dh)]:!mb-0\">\n<p class=\"p3 p3--ns mb-2 unstyled-content-p dh\">Disclaimer<\/p>\n<p>In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our\u00a0Terms and Conditions,\u00a0Privacy Policy, and\u00a0Disclaimers\u00a0have been updated.<\/p>\n<\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/beincrypto.com\/cosmos-atom-welcomes-frax-finance\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frax Finance is expanding its reach by integrating with the Cosmos ecosystem through a partnership&#8230;<\/p>\n","protected":false},"author":1,"featured_media":30910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[26],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Frax Finance Dives into Cosmos: A Massive Expansion Ahead - iCoinMarket<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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