<ul><li>Frax Finance has launched a new stablecoin, frxUSD, to bridge traditional finance with decentralised systems.</li><li>The stablecoin offers direct fiat redemption capabilities and compliance with US financial systems.</li><li>Frax Finance has partnered with Securitize to leverage BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) for tokenisation.</li><li>The collaboration aims to ensure transparency and efficiency, establishing frxUSD as the first stablecoin with seamless fiat on and off-ramping via BlackRock's BUIDL infrastructure.</li></ul>

Frax Finance Launches New Stablecoin in Aim to Bridge Traditional Finance With Decentralised Systems

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