Frax Finance Expands to Cosmos Ecosystem Via Asset Issuance Chain Noble
Summary
Frax Finance has partnered with Noble to bring its stablecoin FRAX and sFRAX to the Cosmos ecosystem, expanding beyond Ethereum. This move aims to increase adoption in various applications and provide a decentralized alternative to USDC. Frax Finance offers a full DeFi ecosystem, and its other tokens may also become available on Cosmos in the future. Noble, an application-specific blockchain in Cosmos, facilitates seamless asset integration with major Cosmos chains. In the past four weeks, over $2.5 billion worth of crypto assets have been transferred between Cosmos chains.
