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The official Telegram group for Frax. https://frax.finance/ codebase: https://github.com/fraxfinance twitter: https://twitter.com/fraxfinance news: @fraxfinancenews trading: @fraxtrading
I see some rumors of Stripe having their own Blockchain
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There are several accounts impersonating him so be cautious. Just look at his official account and verify before messaging
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You can swap it here, https://frax.com/swap?tokenA=0x853d955acef822db058eb8505911ed77f175b99e&tokenB=0xcacd6fd266af91b8aed52accc382b4e165586e29&originChainId=1&destinationChainId=1
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But can’t they settle for regulated stables on another chain than their own?
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I think the idea is JPMUSD -> USDC will be routed through frxUSD.
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It settles in the background. Their clients won’t even know they are using frxUSD
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If JPMorgan issues their own stablecoin, would their customers have the ability to save in JPMorganUSD and FrxUSD?
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Sam has said that he encourages other institutions to create their own stablecoin because liquidity begets liquidity
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FrxUSD as settlement stablecoin. They can all have their own stablecoin
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Moderators never DM you first. Beware of scammers.
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Bjjrke is a scammer please delete (sent me a dm pretending to be admin) notice the two JJ
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Hello - is your discord down? i can't seem to join
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Go to settings , privacy and security , then calls and mark it nobody
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have to use the swap and earn and bridge frax legacy to frxusd
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I think it's unrealistic for $frxUSD to replace $USDC atm, but we shouldn't be only 1% of $USDC
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just an idea: perhaps instead of a frxusd/fxb2027 pool, create a new trifxb pool with the 2026, 2027 and 2029 bonds? one of the bonds in the current trifxb pool will mature this year, so a new pool could both clarify the future of pure fxb pools and give fxb2027 holders the liquidity they're asking for.
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The customers will eventually need liquidity to swap out of JPMUSD. There will probably be lots of bank and retails coins and there will need to be a settlement layer to swap between them.
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It’s more institution focus instead of individuals
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Exactly, that is how I think of it. Though I am not sure if FrxUSD will become the coin that consumers use to transact or if it is the coin that institutes use to transact with that the average audience is not aware of
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Each of their own stablecoin is like an island. FrxUSD is the vessel that connects all the islands
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Exactly, I think of FRAX as that Layer 1 entity that maintains the entire stablecoin industry by exchanging their stablecoin for other institutes stablecoin to generate yields
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