Frax USD (FRXUSD)

frxUSD just became the borrower's best friend.

I was going through borrowing markets earlier and the frxUSD rate on @aave V4 stopped me. 0.74%. I had to double check it.

Most stablecoins charge you 5%, 8%, sometimes double digits to borrow. The protocol captures the yield and keeps it. You get nothing back. frxUSD is doing the opposite and the rate is the proof.

At 0.74%, you can borrow and deploy into almost anything with a pulse and come out positive. The math barely has to work in your favor.

Then I saw @StaniKulechov's tweet and it clicked even more. "USDG and frxUSD represent the new gen stablecoins that value sharing more rewards with the users. All stablecoins should move in this direction."

When the person who built Aave says that about a stablecoin sitting in his protocol at 0.74%, you pay attention.

@Fraxfinance is not competing on yield tricks or points campaigns. They are competing on what it actually costs you to borrow.

frxUSD PegKeeper Volume Surge 🌊

After surpassing $1B in total trading volume, June is on track for a record-breaking month as market volatility drives high volume.

Led by our top pools: @CurveFinance crvUSD and @MetronomeDAO msUSD who trust frxUSD as their default stable pair. https://t.co/IUrhKVtm1P

🎙️ @samkazemian, founder of @fraxfinance, at the @stable_summit panel in NYC, talking about one of the most misunderstood forks in stablecoin design:

There are two distinct, multi‑trillion‑dollar markets that are still widely conflated. "Payment stablecoins" like $frxUSD or Agora’s $AUSD are meant to clear payments and sit inside GENIUS‑compliant rails. "Yield products" like @CapApp's Cap USD are dollar‑denominated assets built to pay yield, useful, but fundamentally not the same thing.

While Sam adds: you can’t do both in one token by definition.

I think that makes it clear, protocols that recognize this fork early are the ones truly positioning for the trillions ahead, not the ones diluting themselves by trying to be every type of “dollar” at once.