Frax Share (FXS) jumps 30% after BlackRock backs Frax USD, defying the broader flat crypto market and hiking to $3.52 with a 680% trading volume surge.
Securitize wants BUIDL to back Frax USD stablecoin.
Securitize suggests using BlackRock's massive $549 million fund for Frax USD collateral. This could bring a new level of trust and security to Frax Finance's stablecoin ecosystem.