Cryptocurrency Q&A
Is FRAX pegged to USD?
Is FRAX pegged to USD?
Michele
Wed May 29 2024
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7 answers
1319
Could you please clarify whether FRAX is pegged to the US Dollar? I'm trying to understand the stability mechanisms behind this cryptocurrency and how it maintains its value relative to the traditional fiat currency. Is it designed to always trade at a one-to-one ratio with the USD, or does it have some degree of flexibility in its valuation? Your insights would be greatly appreciated.
7 answers
DigitalDynasty
Fri May 31 2024
Additionally, FRAX employs permissionless, non-custodial subprotocols.
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GeishaWhisper
Fri May 31 2024
Among its offerings, BTCC provides spot trading, futures trading, and a secure wallet solution.
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MountFujiMysticalView
Fri May 31 2024
These subprotocols enable FRAX to operate in a decentralized manner, eliminating the need for centralized intermediaries or custodians.
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NebulaSoul
Fri May 31 2024
By leveraging both AMO contracts and these subprotocols, FRAX is able to provide a stablecoin solution that offers both flexibility and security.
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AzurePulseStar
Fri May 31 2024
FRAX, a unique dollar-pegged stablecoin, leverages AMO smart contracts to maintain its stability.
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