Frax

Frax is building better money and the network it settles on.

For onchain DeFi → @fraxfinance
For strategic & institutional news → @frax

[Frax @Frax]

1/ FraxNet is LIVE 🥳
Welcome to your stablecoin money account. FraxNet is your hub for minting, redeeming, and earning with frxUSD, our flagship stablecoin built to the GENIUS standard. Available on 20+ chains.

[Frax @Frax]

Source: https://t.co/A151qwRusf

The benefits of stablecoins are global. Progressive government officials around the world are quickly realizing they don't want to be left behind.

[Frax @Frax]

UK PUSHES FOR STABLECOIN EXPANSION: A House of Lords committee report today urged the Bank of England to rethink £20k holding caps and 0-yield backing that could choke GBP stablecoins before they even start.

[Frax @Frax]

Source: https://t.co/aPZ3foq1he

[Frax @Frax]

ETH TO OUTPERFORM BTC? @StanChart Geoffrey Kendrick says Strategy’s first BTC sale since 2022 may be the start of a new regime, with $ETH set to outperform $BTC by ~40% as BTC treasury firms may need to sell to fund obligations, while ETH treasuries can stake for yield instead.

[Frax @Frax]

@PatriotJoe77 @SecScottBessent Sad to see. Being pro-CBDC is anti-American.

[Frax @Frax]

CBDC OFF THE TABLE: Treasury @SecScottBessent reiterates the Trump admin “will not allow” a U.S. CBDC, calling it the first step toward tracking.

Instead: bring crypto onshore. He’s urging Congress to get the CLARITY Act “to the finish line.”

[Frax @Frax]

Source: https://t.co/0hkOY6TMrf

¤ Frax take: CBDCs aren’t just a privacy risk, they stifle innovation. GENIUS was a huge step, and CLARITY can lock in the U.S. as the home for digital asset innovation, a big win for frxUSD and FRAX.

[Frax @Frax]

Source: https://t.co/onXXMdabXQ

[Frax @Frax]

ROBINHOOD GOES AGENTIC: $HOOD users will soon be able to let AI agents trade stocks in a separate “agentic” account and make purchases on a @RobinhoodApp agentic credit card.

[Frax @Frax]

@fundstrat @BitMNR Source: https://t.co/Cr9czSc3Sp

[Frax @Frax]

BITMINE BOUGHT THE DIP: 111,942 ETH ($237M) in a week, biggest buy since December, taking holdings to ~5.4M ETH (~4.5% of supply).

87% is staked, generating ~$276M/yr in staking revenue.

Does @fundstrat hit his goal of @BitMNR owning 5% of $ETH by year-end?

[Frax @Frax]

Source: https://t.co/MHt7TNKmjA

[Frax @Frax]

RATE CUT COMING?: @BlackRock exec sees “sufficient factors” to justify a potential Fed rate cut.

This comes as new chairman Kevin Warsh weighs interest-rate policy.

The Fed is the most divided in voting it has been in 30 years, and the implications for the markets are MASSIVE.

[Frax @Frax]

JUST IN: @aave V4 combined deposits + loans have crossed $100M for the first time as part of its security-first launch strategy.

$80M in deposits. $25M in loans. Growth is accelerating, with incentives going live yesterday.

Aave is winning.

[Frax Finance ¤⛓️¤ @fraxfinance]

https://t.co/GcCjXgqGWM

[Frax @Frax]

@FraxDaddy @POTUS @krakenfx massive

[Frax @Frax]

BIG STABLECOIN UNLOCK: @POTUS issued an executive order for regulators to cut fintech barriers and asked the Fed to evaluate direct access to Fed payment accounts for non-bank fintech + digital asset firms.

Today, @krakenfx is the only crypto firm with a Fed master account.

[Frax @Frax]

@noahseidman I got a fever! And the only prescription is more Fed master accounts!

[Frax @Frax]

Source: https://t.co/mLsvTlVTZB

We've long believed this is the right direction for the market. If direct Fed access becomes available, we will apply. Direct settlement on sovereign rails would be a big unlock for stablecoins by improving reserve and redemption assurance.

[Frax @Frax]

SOURCE: https://t.co/JXWn3N6qeU

Our take: USDT/USDC aren't going anywhere, they’re the deepest liquidity rails. But the USDC depeg was a wake-up call for us to own our destiny. That’s why we built frxUSD: fully-backed by Treasuries and better value-sharing for our DeFi partners.

[Frax @Frax]

JUST IN: The head of digital assets at @UnionInvestment, one of Europe’s largest asset managers, warns USDT + USDC don’t behave like true “cash equivalents” for institutions, arguing a sudden depeg (like USDC in 2024) can be catastrophic for overnight settlement.