Stablecoin $FRAX by fraxfinance launches on BNBCHAIN, liquidity layer ThenaFi_ announces $THE programs
As of printing time, FRAX is the second largest decentralized stablecoin surpassed only by Maker's DAI. Its circulating supply exceeds $1 billion in equivalent, which brings it into the top 5 stablecoins by trading volume.On Dec. 20, 2022, the FRAX stablecoin celebrated its two-year anniversary. Its team is now discussing the opportunities of the launch of the fraxBTC stablecoin.
On Jan. 5, 2023, the THE emissions will be activated for the first batch of FRAX-based pools. Namely, the liquidity providers of the FRAX/BUSD and FRAX/FXS pools will be motivated by the THE tokens. Thena promotes itself as an upcoming liquidity layer for DeFi protocols on top of BNB Chain, the largest EVM-compatible smart contract platform.
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