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Frax Finance Expands to Cosmos Ecosystem Via Asset Issuance Chain Noble

Frax Finance, the decentralized protocol that is the home to the seventh-largest stablecoin FRAX, has forged a significant partnership with asset issuance chain Noble to expand its footprint beyond Ethereum to the Cosmos ecosystem, which comprises about 80 blockchains. The Frax token (FRAX), a crypto-collateralized stablecoin pegged to the U.S. dollar, and its staked version, sFRAX, will become native to the Cosmos ecosystem via Noble. The expansion to the Cosmos ecosystem, an interoperability network, is expected to boost the adoption of FRAX and sFRAX in diverse applications. Noble is a Cosmos application-specific blockchain designed to issue native digital assets in the Cosmos ecosystem.

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