The Rollup(@therollupco):The stablecoin race is usually scored by market cap. Sean Kelley thinks that's the wrong scoreboard. He says Frax and Gearbox have built the plumbing for fraxUSD's growth, and more is coming. "There are plenty of larger stablecoins." "But what actually matters is, are those stablecoins being put to work?" "With Gearbox and Frax, we've created the market structure for all of this opportunity to take place." "That's why you're seeing fraxUSD become the number two subscription asset for a Midas asset, after USDC." "It's just adoption from here." "This is really just the beginning." @SeanKelleyX @fraxfinance @GearboxProtocol ethereum:0x853d955acef822db058eb8505911ed77f175b99e

2026.10.21 22:43

The stablecoin race is usually scored by market cap. Sean Kelley thinks that's the wrong scoreboard. He says Frax and Gearbox have built the plumbing for fraxUSD's growth, and more is coming. "There are plenty of larger stablecoins." "But what actually matters is, are those stablecoins being put to work?" "With Gearbox and Frax, we've created the market structure for all of this opportunity to take place." "That's why you're seeing fraxUSD become the number two subscription asset for a Midas asset, after USDC." "It's just adoption from here." "This is really just the beginning." @SeanKelleyX @fraxfinance @GearboxProtocol ethereum:0x853d955acef822db058eb8505911ed77f175b99e