NOT EVERY STABLECOIN DESERVES THE NAME
Some are backed by other coins
some are backed by algorithms
some are just hoping the peg holds
then there’s $frxUSD
fully collateralized
U.S. Treasury-backed
redeemable 1:1
native across 20+ chains
earning while you hold
while the rest of the market plays with the word “stable,”
$frxUSD is busy becoming the actual dollar of onchain finance
this is the one
Not every stablecoin is backed by U.S. dollars 🙅♀️
Some are backed by other assets
Some are backed by cryptocurrencies
Some rely on algorithms
“Stable” is doing a lot of work there.
Don't get it twisted 🧐