Frax Finance launches stablecoin FRAX on NEAR and Burrow

Odaily News Frax Finance announced the launch of the FRAX stablecoin on NEAR through Ref Finance and the launch of the FRAX stablecoin on Burrow through FraxFerry and Rainbow Bridge. This marks Frax’s first entry into the non-Ethereum Virtual Machine (EVM) ecosystem. By partnering with the NEAR ecosystem, Frax will launch a range of assets and introduce short-term treasury returns. In the coming months, Frax will launch its asset suite FRAX, sFRAX, frxETH and sfrxETH natively on NEAR and Fraxtal.