AltaFin Adds Frax (FRAX) Stablecoin

August 29, 2021 / Crypto

Frax (FRAX) is added to the Crypto Wallets and accepted for Earn contracts on the AltaFin Platform, and joins the list of supported cryptocurrencies and stablecoins, including Ether (ETH), USDC (USDC), Chainlink (LINK), and more.

The Frax stablecoin is the world’s first fractional-algorithmic stablecoin. The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.

AltaFin Platform users can now lend Frax via Earn saving contracts.