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FRAX

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Frax (FRAX), a coin pegged to the U.S. dollar, operates on a "fractional-algorithmic" mechanism for its stablecoin, meaning it is partially backed by collateral and partially stabilized algorithmically. In addition to Frax, the company has FPI, which is pegged to the U.S. Consumer Price Index, and frxETH, which is pegged to Ether (ETH). Frax aims to provide "highly scalable, decentralized, algorithmic money" in place of fixed-supply digital assets like Bitcoin.
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Bravebold

FRAX
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Frax (FRAX), a coin pegged to the U.S. dollar, operates on a "fractional-algorithmic" mechanism for its stablecoin, meaning it is partially backed by collateral and partially stabilized algorithmically. In addition to Frax, the company has FPI, which is pegged to the U.S. Consumer Price Index, and frxETH, which is pegged to Ether (ETH). Frax aims to provide "highly scalable, decentralized, algorithmic money" in place of fixed-supply digital assets like Bitcoin.
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