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Frax Partners With Securitize on New Stablecoin
- Frax Finance has partnered with Securitize to launch a new stablecoin called frxUSD.
- The frxUSD stablecoin offers unprecedented transparency and custody.
- It leverages BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize.
- The stablecoin provides direct fiat redemption capabilities and enhanced compliance with U.S. financial systems.
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