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The Frax community has approved a proposal to use BlackRock’s Institutional Digital Liquidity Fund (BUIDL) as collateral for its upcoming frxUSD stablecoin. 

The proposal, identified as FIP-418, received unanimous support after a six-day voting period.

The Increasing Demand for BlackRock’s BUIDL FundBlackRock’s BUIDL fund manages over $648 million in assets and provides yield-generating opportunities for frxUSD holders. Achieving this approval is a significant step for the Frax Protocol. 

BlackRock is the largest asset manager in the world, with over $10.4 trillion in global assets. So, being backed by its tokenized fund can potentially minimize counterparty risk for the stablecoin’s collateral.

Frax Portocol’s Proposal Receives 100% Votes to Use the BUIDL Fund. Source: SnapshotAlso, this move reflects a growing trend among stablecoin projects to introduce yield-bearing options that reward holders financially while maintaining stability.

Securitize, the brokerage firm managing the BUIDL fund, initially proposed the idea on December 22. The frxUSD stablecoin will be pegged to the US dollar at a 1:1 ratio and backed by US government securities through BUIDL.

Meanwhile, other projects have also adopted BUIDL as collateral for stablecoins. Ethena Labs launched the USDtb (USDTB) stablecoin on December 16, backed by the BUIDL fund. The asset’s current market capitalization is $70 million. 

In November, Curve Finance enabled users to mint Elixir’s deUSD (DEUSD) yield-bearing stablecoin using BUIDL as collateral.

Distribution of BlackRock’s BUIDL Fund. Source: DeFilLamaThe Rise of Real-World Asset TokenizationIn late 2024, BlackRock expanded BUIDL to five major blockchains. This included Aptos, Arbitrum, Avalanche, Optimism, and Polygon. 

These developments align with BlackRock’s broader digital asset strategy, which includes initiatives like the IBIT Bitcoin ETF and tokenized funds. 

Overall, the adoption of tokenized real-world assets (RWAs) continues to grow. In 2024, several major players achieved milestones in this area, setting the stage for further developments in 2025. 

For example, Tether plans to roll out its Hadron RWA tokenization platform by February. This will offer institutional investors direct access via APIs. 

Also, Hedera has integrated Chainlink Data Feeds and Proof of Reserve mechanisms to enhance its DeFi and RWA capabilities.

RWA Tokenization Global Market Overview. Source: RWA.XYZIn short, the Frax community’s decision to integrate BlackRock’s BUIDL fund into its stablecoin highlights the increasing overlap between traditional finance and blockchain-based innovations. 

This shift reflects the potential for real-world asset tokenization to transform the stablecoin industry.

Frax Finance has announced the launch of its new stablecoin, frxUSD, which will be backed by BlackRock’s BUIDL tokenized fund. This development marks a collaboration between traditional financial institutions and decentralized blockchain ecosystems, offering users a stable and yield-bearing digital asset option.

BlackRock BUIDL Fund Becomes Backing Asset for frxUSD The Frax community has passed FIP-418, a governance proposal that enables BlackRock’s United States Dollar Institutional Digital Liquidity Fund (BUIDL) as collateral for the frxUSD stablecoin. The vote which took six days garnered full support from the Decentralized Autonomous Organization (DAO).

To this end, Frax Finance stated that BUIDL will function as the ‘custodian asset’ for the creation and creation of frxUSD. The Fund, however, invests in fairly liquid instruments including cash, U.S Treasury bills, and repurchase agreements. Frax founder Sam Kazemian said;

“frxUSD is a bridge between the blockchain world with its openness and programmability and BlackRock’s prime treasury products with their credibility.”

BlackRock’s BUIDL fund, which has as of now more than $648 million in AUM, expects to minimize counterparty risk while maximizing frxUSD holders’ yield opportunities. This decision is in line with the recent development in the stablecoin market that has seen the adoption of real-world asset (RWA) backing.

Features of the Frax Finance’s frxUSD Stablecoin The newly launched frxUSD stablecoin is pegged to the U.S. dollar on a 1:1 ratio which forms a good condition for price stability for the users. Frax Finance has integrated with Paxos in order to allow the conversion of frxUSD directly into fiat currency.

Furthermore, the frxUSD holders shall receive distribution from the yield generated from the underlying assets within the tokenized fund. The initiative comes as part of the Frax Finance’s strategy to bring traditional finance products into the world of decentralized finance.

The company also unveiled its intention to apply for access to the US Federal Reserve Master Account that would make frxUSD useful in the regulated markets.

Growing Adoption of BUIDL-Backed Stablecoins Frax’s frxUSD is the newest in a line of stablecoins whose value is anchored to BlackRock’s BUIDL token. Ethena Labs has introduced its own asset-backed stablecoin, USDtb, in December 2024 to be backed by BUIDL. The stablecoin has a market capitalization of $70 million and is intended to mitigate the volatility associated with synthetic dollar offerings in volatile market conditions.

Similarly, in the decentralized exchange, Curve Finance, users have been able to mint Elixir’s deUSD stablecoin using BUIDL as collateral. Such advancements suggest that more tokenized funds are being used, particularly for the collateral of stablecoins such as BUIDL.

On the same note, the introduction of frxUSD is timely given that the stablecoin market is in the process of transformation following shifts in the regulatory environment. The Markets in Crypto-Assets (MiCA) regulation of the European Union came into force in its entirety on December 30, 2024, and has set new standards for stablecoin issuers.

At the same time, BlackRock’s participation in the tokenized assets market proves that traditional financial institutions are gradually stepping in to connect Web3 and traditional finance. With $10.4 trillion in assets under management, BlackRock’s participation in the digital asset space inclusive of Bitcoin ETF record achievements  is viewed as a step toward broader institutional acceptance of blockchain-based financial products.

Frax Finance approved FIP-418 to use BlackRock’s BUIDL token as frxUSD collateral. The partnership bridges decentralized finance with traditional asset security. The Frax community has approved FIP-418, allowing BlackRock’s BUIDL token to collateralize the frxUSD stablecoin. This proposal passed unanimously after six days of voting, Frax Finance announced on Thursday.

BlackRock’s BUIDL token, a tokenized money market fund, invests in U.S. Treasury bills, cash, and repurchase agreements. It ensures stability, liquidity, and reduced counterparty risk for frxUSD holders. With over $10.4 trillion in assets under management, BlackRock adds trust to the partnership.

Frax Finance founder Sam Kazemian emphasized the synergy between blockchain transparency and BlackRock’s treasury reliability. He called the collaboration a milestone in bridging decentralized and traditional finance. The frxUSD stablecoin will be pegged 1:1 to the U.S. dollar, backed by U.S. government securities.

Are BUIDL and Yielding Stablecoins the Future? Securitize, the brokerage firm for BlackRock’s BUIDL, initially proposed using BUIDL as collateral on December 22. The stablecoin also supports fiat conversions through Paxos, making it accessible to retail and institutional users.

Frax Finance’s efforts align with its pursuit of a U.S. Federal Reserve Master Account. This would further legitimize frxUSD as a secure and functional stablecoin in both DeFi and CeFi spaces.

The move follows a growing trend of yield-bearing stablecoins. These stablecoins combine stability with financial rewards, attracting investors seeking alternatives to non-yielding options. Curve Finance and Ethena Labs have also utilized BUIDL for stablecoins like USDtb and deUSD.

McKinsey projects tokenized assets to reach $2 trillion by 2030. Other estimates suggest values between $4 trillion and $16 trillion by the same year. Major firms, including Goldman Sachs, continue to expand tokenization projects, signaling massive growth potential.

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Sam Kazemian, founder of Frax Finance, outlined the development and goals of FraxUSD, a decentralized stablecoin designed to integrate with both traditional finance and decentralized ecosystems.

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Episode DescriptionThe upgraded FraxUSD offers redeemability through custodians like BlackRock and SuperState while providing competitive yields through diversified strategies. Kazemian described Frax’s broader vision as building a digital economy anchored by its flagship stablecoin and Fraxstool, a high-performance Ethereum Layer 2.

Key NotesFrax Finance proposes a $5 million investment in Trump-aligned DeFi platform WLFI.The partnership aims to integrate frxUSD into WLFI’s ecosystem, boosting adoption.The proposal has sparked both support and criticism within the crypto community. Renowned DeFi protocol Frax Finance has proposed a $5 million investment in World Liberty Financial (WLFI), a decentralized finance platform tied to newly elected US president Donald Trump. The proposal, aimed at strengthening FRAX’s position in the US-based DeFi ecosystem, also includes a potential $10 million follow-up investment based on the success of the collaboration.

Notably, if approved, the investment would see Frax Finance acquire WLFI tokens, securing a stake in its governance framework. The partnership is expected to integrate Frax’s algorithmic stablecoin, frxUSD, into WLFI’s growing ecosystem, enhancing its adoption among millions of potential users. However, the proposal has drawn mixed reactions from the community.

WLFI’s Growth and Political Ties WLFI has emerged as a significant player in US-centric DeFi, closely aligning its vision with the current administration’s pro-crypto stance. Despite President Trump’s silence on Bitcoin since taking office, WLFI’s actions signal a commitment to advancing US-based crypto projects.

WLFI has built a robust portfolio, including leading DeFi tokens such as Ethereum ETH $1 652 24h volatility: 1.3% Market cap: $199.35 B Vol. 24h: $14.70 B , Chainlink LINK $7.51 24h volatility: 1.6% Market cap: $5.62 B Vol. 24h: $297.75 M , and AAVE AAVE $82.10 24h volatility: 14.5% Market cap: $1.25 B Vol. 24h: $481.31 M , with ETH assets surpassing $184 million. Its governance structure allows community-driven decision-making, positioning WLFI as a decentralized yet strategically guided platform. Frax Finance’s involvement could bring additional credibility and functionality to this framework, particularly by introducing frxUSD as collateral in WLFI’s ecosystem.

Interestingly, Frax’s co-founder Stephen Moore is a former economic advisor to President Trump. This connection also allows the project to focus on the deep roots of US-centric blockchain strategy.

Community Reactions While the proposal has garnered praise on social media platforms like X, with some calling it a “huge” step, it has also faced criticism from within Frax’s governance forum. Detractors argue that investing $5 million in a project valued at $5 billion without a proven track record is risky. Concerns have also been raised about political associations alienating users who oppose the Trump administration, potentially hindering adoption.

Some community members voiced fears about the financial implications for Frax Share (FXS) holders, as the investment could create significant sell pressure on the token. Additionally, the WFLI token has recorded a sharp 300% increase in its price during the pre-sale. This has sparked concerns about early investors dumping their holdings after the launch, further destabilizing the market.

Meanwhile, the FXS token price dropped 10% after the proposal announcement. It is currently trading around $2.74 with a market cap of $240 million.

The path forward hinges on navigating community concerns and analyzing the partnership’s tangible benefits.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Bitcoin, Raydium, and Frax dominate crypto discussions as volatility, governance changes, and major BTC acquisitions drive market sentiment.

According to Santiment, Bitcoin (BTC), Raydium (RAY), and Frax (FRAX) are currently at the center of social media discussions.

Much of the growing discourse is focused on market volatility and governance changes within the crypto ecosystem.

The Top 3 Trending Tokens Santiment’s February 25 report reveals that BTC is getting attention due to a recent acquisition from Michael Saylor’s Strategy (formerly MicroStrategy).

The firm purchased 20,356 BTC for approximately $1.99 billion, increasing its total holdings to 499,096 BTC bought for around $33.1 billion. This investment, alongside a yield of 6.9% YTD 2025, has been widely discussed within the crypto market, particularly regarding its impact on the asset’s price fluctuations.

RAY is trending following a recent 29% decline in  a day and a 50% slump since Friday that was caused by rumors of a competing platform launching its own automated market maker (AMM). This speculation has raised concerns over liquidity shifts within the Solana ecosystem, leading to increased investor attention toward the token.

Pump.fun is reportedly testing an AMM that, if implemented, could reduce the platform’s reliance on Raydium. The decentralized exchange currently facilitates trading for tokens launched on the Solana meme coin maker.

FRAX has also been a focal point in conversations, with debates surrounding tokenomics, governance, and inflation. Various proposals have been introduced regarding changes to the coin’s emissions, branding, and incentive mechanisms.

You may also like: Brutal Bitcoin Liquidation Cascade Imminent Below $59K, Warns Analyst Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Saylor Should Stop Buying Bitcoin, Says CryptoQuant Ongoing discussions are centered on the token’s inflationary nature and relationship with FXTL and the potential impact these changes could have on its value and utility within the market.

Other Trending Cryptocurrencies on Santiment’s List The blockchain analytic firm also highlights Ethereum (ETH), Frax Shares (FXS), and Kendu Inu (KENDU) as trending digital assets. ETH has seen increased discussions following its association with GrokAI3.0, a new project focused on advancements in AI technology and its potential financial implications.

FXS, which is linked to FRAX, has also been widely mentioned, with many raising concerns about its potential dilution and implications for liquidity and value.

On its part, KENDU has gained attention as part of a growing community-driven approach to digital assets. According to Santiment, talks around it largely highlight the importance of strong group bonds and collective effort over speculative trading.

The token has been compared to cryptocurrencies like Shiba Inu (SHIB) and Dogecoin (DOGE), with enthusiasts emphasizing its long-term potential as the market evolves. Some believe it represents a shift toward community-focused investments rather than gambling and pump-and-dump schemes.

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BlackRock’s BUIDL expands to Solana as tokenized money market fund nears $2B

Arbitrum’s RWA Market Explodes 1,000X in a Year, But Native Token ARB Still Slides

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SponsoredUpdated May 11, 2023, 4:41 p.m. Published Apr 4, 2022, 12:59 p.m.

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Frax Finance’s FXS governance tokens have surged nearly 80% in the past week as Terra developers introduced the “4pool” liquidity pool on stablecoin swap service Curve Finance.

Sentiment among traders increased amid increased utility for FXS tokens. These tokens accrue value from the newly minted FRAX stablecoins and fees from Frax Finance. Frax founder Sam Kazemian said in a tweet that any stablecoin that uses 4Pool for its base liquidity will get direct support from both Terra and Frax.

"My own personal goal is to make sure any project that holds FRAX is getting more than $1 of value per FRAX," Kazemian said in the tweet, suggesting added benefits in the form of rewards and platform support to platforms that use Frax.

FXS traded at $22 on Friday before the proposal was made public. Since then, it surged to as high as $44 on Sunday, before dropping to as low as $37 Monday morning as traders took profits.

FXS neared all-time highs on Sunday night. (TradingView)FXS had a market capitalization of over $2.2 billion at the time of writing. The token, however, remains nearly 10% below its January highs of $45.71.

What is the 4pool?4pool is composed of two decentralized stablecoins, UST and Frax’s FRAX, and two centralized stablecoins, USDC and USDT. It aims to increase the utility of Terra’s UST stablecoins through a partnership with Frax and Redacted Cartel, a tool for earning yields on locked tokens.

Decentralized, or algorithmic stablecoins, keep their dollar peg based on the value of assets, or a basket of assets that are provided by users, while their centralized counterparts rely on actual fiat backing held by their issuers.

“Curve Finance is more like an algorithmic savings account,” Kazemian said in another tweet. “The terms of the savings account? The A factor (aka the peg affinity of your deposits). And gamma (the new v2 pool parameter). This allows anyone to build a "term sheet for a savings account" when they create a Curve pool.”

Depositors on Curve earn annual yields of up to 4% from one of the many pools on the platform. Curve offers a highly efficient way to exchange stablecoins while maintaining low fees and low slippage, according to documents from Curve Finance.

Pools currently deployed on Curve are backed by centralized or decentralized stablecoins, wrapped tokens – such as wrapped bitcoin – or a basket of various assets. 4pool, however, will bring together UST and FRAX, the two largest decentralized stablecoins with a cumulative backing of over $19.6 billion, and USDT and USDC, the two largest centralized stablecoins, with a cumulative backing of $133 billion.

4pool will initially be tested on the Fantom and Arbitrum networks, and later on Ethereum, according to its developers, with its creators aiming to make it one of the most liquid trading pools on Curve. Curve remains the biggest decentralized finance platform on Ethereum with over $21 billion in value locked.

At the time of this writing, “tricrypto2” was the largest Ethereum-based pool on Curve by value locked, holding over $78 million worth of USDT, wrapped bitcoin and wrapped ether.

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Over the last week, liquid staking cryptocurrencies have been seeing a significant upside. All of these tokens have successfully moved into the green territory, recording double-digit gains for their holders. Although these digital assets seem to be following the general crypto market uptrend, there is another factor pushing up their prices.

Why Are Liquid Staking Crypto On The Rise? Liquid staking cryptocurrencies have been receiving more attention ever since the announcement that the Ethereum “Shanghai” upgrade is likely to take place in March 2023. This upgrade is important for the network because it will mean that staked ETH will finally be withdrawable.

Anticipation around this upgrade is already on the rise and liquid staking tokens are enjoying a good portion of this attention. Their popularity comes from the fact that they allow stakers to earn a yield on staked ETH even though they can’t withdraw their ETH. It also makes it possible for stakers to have tokens on hand which they can deploy on other protocols to further participate in the ecosystem.

Liquid staking protocols reward stakers with ETH-pegged tokens such as stETH and ankrETH and make it possible for ETH users to stake without having to become validators themselves. But instead of having to rely on centralized exchanges to do this, as was previously the case, these DeFi protocols are decentralized.

ETH price crosses $1,300 ahead of Shanghai upgrade | Source: ETHUSD on TradingView.com The higher earning potential of staking with liquid staking protocols has led to more demand for them. With the Shanghai upgrade coming, it is expected that more ETH will be moved to these protocols, leading to more demand for their native cryptocurrencies.

The Largest Liquid Staking Protocols The largest liquid staking protocol in the space now is currently Lido Finance. It accounts for around 30% of the total 15 million staked ETH, making it an important contender in the space. Its native LDO token has a market cap of $1.6 billion and its price is up 57% in the last 7 days.

Lido is the largest liquid staking protocol | Source: CryptoSlate Next in line is Frax Share whose price is up 21% in the last week. The digital asset’s market cap is almost $403 million, rewarding users with frxETH for their staked ETH at an 8% APR. This is the highest APR of any liquid staking protocol. 

Rocket Pool takes third place with a market cap above $260 million and is up 18% in the 7-day period. But in terms of ETH deposited, it is one of the highest, accounting for around 6.5% of the total market share.

Others include Ankr Protocol which is up 26% in 7 days, as well as Stafi, pStake Finance, and StakeWise, all of which are up 32%, 20%, and 10%, respectively, in the same time period. 

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Medium, chart from TradingView.com

Frax Finance's founder Sam Kazemian expressed support for a proposal from Ouroboros Capital that pushes for a more aggressive token buyback strategy.

Frax Share (FXS) is known for its current buyback strategy, where the project buys and burns the same amount of FXS over a predetermined timeframe, irrespective of any price fluctuations. The project has a $20 million fund for this purpose.

Ouroboros Capital, a cryptocurrency investment research firm, put forward a proposal on June 16 calling for a proactive optimization of the current token buyback strategy.

The proposal suggested a time-weighted average price (TWAP) buyback worth $1 million to be initiated when the FXS price dips below $5. If the price further slides to below $4, an additional $1 million buyback, set for a 1-month duration, is proposed to be activated. The key premise here is to purchase more FXS tokens for subsequent burning, as the price falls further.

This comes as the price of FXS — currently at $5.30 — falls toward $5, according to CoinGecko.

“I believe that the most judicious use of our revenue and capital is to buy and burn the FXS supply," Kazemian told The Block. "Especially given the low valuations in a mature ecosystem due to macro market conditions and the state of the global economy, I can’t envisage a more effective use of capital.”

Kazemian expressed agreement with the general idea of accelerating the TWAP mechanism as the price drops to $4, $3 and $2, echoing Ouroboros Capital’s suggestion. “If the price continues to fall, we should buy back more tokens more aggressively,” he added.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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(Adam Nir/Unsplash, modified by CoinDesk)Frax's governance token FXS is in stasis as the decentralized finance protocol's nascent high-yielding staking product draws millions in investor money.

Early Thursday, Frax unveiled sFRAX, an ERC4626 staking vault allowing holders of the protocol's partially collateralized fractional-algorithmic stablecoin FRAX to earn yields matching the U.S. Federal Reserve's (Fed) interest rate on reserve balances (IORB), currently around 5.4%.

The product debuted with an APY of 10%, eventually converging with the Fed's 5.4% IORB rate. So far, more than 150 users have poured in more than $35 million in the vault, according to Dune Analytics.

FXS' price rose 7% to $5.66 on Thursday, but has since pulled back to $5.49 to indicate a 0.5% gain on a 24-hour basis, CoinDesk data show. The steady price action is consistent with the continued low-volume range play among market leaders bitcoin and ether.

More than 150 users have poured $35 million in the newly launched sFRAX vault. (Dune Analytics)The new offering comes as lending protocol MakerDAO enjoys a first-mover advantage in capitalizing on high interest in the U.S. According to Parsec Finance, MakerDAO has invested over $2 billion in short-term bonds via offchain structures since February 2022, offering a 5% savings rate on DAI and buy back its MKR token.

On a year-to-date basis, MKR has gained over 168%, outshining bitcoin's 62% rise by a big margin. FXS, meanwhile, has gained only 32% this year. Some in the crypto community expect FXS to catch up with MKR.

"Impressive growth from sFRAX with $24.6M allocated to Frax Finance's FinresPBC short-term U.S. Treasuries strategy currently yielding 10%. FXS set to make a MKR catch-up trade and reignite protocol revenue with the 5.25% risk-free rate," McKenna, pseudonymous founder of Founder of Arete Research, said on X.

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Frax Share (FXS) is the first tiered algorithmic stablecoin protocol. It is open-source, entirely on-chain, and implemented on Ethereum. The aim of the Frax protocol is to provide a scalable, decentralized, and algorithmic currency as an alternative to fixed-supply digital assets like Bitcoin.

Frax Share Coin represents a new paradigm in stablecoin design. It uniquely combines established concepts within its protocol:

Tiered Algorithm: FXS Coin is the first and only stablecoin whose supply is supported by a collateral and supply algorithm. The collateral and algorithmic rate allows the market to price Frax Share. If the FXS Coin trades above one dollar, the protocol lowers the collateral rate, while if it trades below one dollar, the protocol increases the collateral rate.Decentralized or Minimized Control Mechanism: Frax Share (FXS) is managed by the community. The control mechanism is minimized, emphasizing an algorithmic structure.On-chain Oracles: Frax v1 utilizes Uniswap and Chainlink oracles.Swap-Based Monetary Policy: FXS employs principles of automated market makers like Uniswap to create real-time stabilization through swap-based price discovery and arbitrage.Frax Share is an algorithmically steered global currency. FXS has a mechanism that eliminates the need for a central bank. Users can buy and sell Frax worldwide without fear of privacy breaches, regulatory interventions, and price manipulations.

Where to Buy FXS Coin?FXS Coin can be securely purchased and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. FXS Coin is traded on the Binance interface in FXS/BTC and FXS/BUSD pairs.

To purchase Frax Share Coin, one must first register on the Binance exchange and send fiat or cryptocurrency to the account wallet. Then, Bitcoin or BUSD must be purchased with the deposited cryptocurrency or fiat currency. Following this transaction, an order can be placed in the order book by selecting one of the FXS/BTC or FXS/BUSD trading pairs and specifying the amount. As of this writing, FXS is trading at approximately $5.46.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

The cryptocurrency market’s volatility can be a big turn-off for potential investors. However, joining the best crypto presales might provide a safer entry point for those new to the space. When looking at options like Maker, Frax Share, and MoonBag, it’s important to understand what makes each unique. Maker is well-known for its DAI stablecoin, which offers some stability. Frax Share uses algorithmic and collateralized methods to achieve scalable stability. However experts suggest that the MoonBag coin is the best choice in the meme coin presale category. MoonBag stands out because of its innovative ideas, strong community support, and clear development plan. Joining a presale can allow investors to enter the cryptocurrency market with lower risk.

Frax Share’s Market Performance and Adoption Table of Contents

Frax Share’s Market Performance and AdoptionMAKER Coin: Powering DeFi and Stabilising DAIBest Crypto Presale to Buy: MoonBag – High-Yield Investment with Locked SecurityEarning with MoonBag’s Staking ProgrammeConclusionInvest in MoonBag Presale   Frax Share is a unique cryptocurrency designed to stabilise the volatile crypto market through its fractional algorithmic stablecoin system. Still, it has faced significant challenges in gaining widespread adoption and investor interest. Despite its innovative approach, Frax Share’s market performance has been steady but slow, with cautious investors wary of its complex algorithmic system.

The active community engagement efforts, including social media campaigns and events, have met with limited success, lacking the widespread excitement seen in other crypto projects. While the development team remains committed to improving the system and introducing new features, Frax Share has a long way to go before it can match the excitement generated by MoonBag’s top meme coin presale.

MAKER Coin: Powering DeFi and Stabilising DAI MAKER Coin (MKR) is the governance token for the MAKER Protocol, a key player in Decentralised Finance (DeFi) on Ethereum. MKR enables holders to vote on protocol changes and helps stabilise the DAI stablecoin, pegged to the U.S. dollar. It supports decentralised lending, allowing users to borrow DAI with collateral, making the MAKER Protocol a major DeFi platform. MKR’s ERC-20 standard allows integration with other Ethereum-based projects. Co-founded by Rune Christensen and Nikolai Mushegian in 2015, the project has shown resilience in the volatile crypto market. Its future depends on regulatory changes, market trends, technology, and adoption, with strong prospects due to its role in DeFi and ongoing blockchain development.

Best Crypto Presale to Buy: MoonBag – High-Yield Investment with Locked Security MoonBag Crypto’s presale has become popular among investors, especially those facing losses in other cryptocurrencies. The project’s presale is the best crypto presale to buy in 2024, successfully raising over $3.9 million to date. In its seventh stage, MoonBag offers investors the chance to acquire 2,000 MBAG coins for just 1 USDT.

It’s important to note that the price of MBAG coins increases with each subsequent presale stage. Early investors who seize this opportunity benefit from potentially higher returns as the project progresses. MoonBag’s vision is to democratise access to cryptocurrency wealth, making it attainable for a wider audience.

Earning with MoonBag’s Staking Programme MoonBag’s staking program introduces an appealing feature for investors. Early purchasers of MoonBag coins can now stake them to earn a remarkable 88% annual percentage yield (APY). This high yield distinguishes MoonBag’s staking program in the competitive crypto market, offering extra motivation for early investors to participate and retain their coins for the long term.

Conclusion In conclusion, while the cryptocurrency market’s volatility can be daunting, engaging in the best crypto presales offers a promising entry point for new investors. Maker and Frax Share present unique strengths in the DeFi space and algorithmic stability, respectively, but MoonBag shines brightly as the best crypto presale to buy. With its innovative approach, strong community backing, and clear development plan, MoonBag stands out as the best presale opportunity, particularly for those interested in meme coins.

Invest in MoonBag Presale   Presale: https://moonbag.org/presale Whitepaper: https://moonbag.org/documents/whitepaper.pdf Twitter: https://twitter.com/Moonbag_org Telegram https://t.me/MoonBag_official

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Frax Share token FXS price increased by around 30% today after BlackRock BUIDL’s support to Frax USD stablecoin.  Securitize proposed a Frax improvement proposal to back Frax USD with BUIDL as a collateral.  Even though major cryptocurrencies have not recorded any significant price rises, some cryptocurrencies are performing well today. Frax Share (FXS) price witnessed a huge price hike and went to as high as $3.52 with a 680% increase in its trading volume. After a complete week of downward price movement, FXS price finally picked with the news of BlackRock’s support to Frax USD stablecoin. 

Frax Shares token FXS is trading at around $3.22 at the press time with a 26% surge in the last 24 hours. However, It witnessed a substantial price surge of over 45% earlier today and went to the highs of $3.52 from the lows of $2.5. Its market cap also witnessed around 30% rise and is hovering around $275.5 million, while daily trading volume is $154.7 million with a 685% surge. 

The price surge of FXS put a break on its week-long downward price movement. When the news of Securitize proposing to back Frax USD stablecoin with BlackRock’s BUIDL circulated, it immediately had an impact on FXS price. 

FXS price surges as Securitize Proposes BlackRock’s BUIDL as a Collateral for Frax USD A brokerage firm Securitize proposed BlackRock’s BUIDL fund to act as a collateral for Frax USD stablecoin. BUIDL or BlackRock US Dollar Institutional Digital Liquidity Fund will back Frax USD, acting as a collateral reserve asset. This way, it offers deeper liquidity, transfer options, yield opportunities, and reduced counter-party risks. 

Having one of the largest asset management firm BlackRock’s support, Frax USD stablecoin would benefit in several ways. Even though Frax Finance is considering the proposal, it is still subject to community vote and needs approval from Frax DAO. 

Frax Finance comes up with several major developments on infrastructure level. It is developing a technological stack to deploy AI agents on blockchain, as a part of its 2025 vision roadmap. It even plans to become the decentralized central back of crypto. 

The collateral backing proposal from a top organization such as BlackRock came at the right time as Frax Finance plans to rebrand its frxUSD stablecoin. If the Securitize proposal gets approval from the Frax DAO and contributes to the success of Frax USD stablecoin, we can see more price surges of FXS token in the new year. 

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Binance exchange announced on Wednesday that it will delist certain crypto assets in BTC margin trading pairs. The changes affect Qtum and Venus margin trading, as well as, Contentos and Frax spot trading. Despite the delisting news, QTUM has risen 8% today and XVS is up 7.5% due to post-election market momentum fueled by Donald Trump’s victory.

Binance Delisting Notice for QTUM, XVS, COS, FXS Traders According to Binance’s official release, the exchange plans to delist QTUM and XVS from BTC margin trading pairs. This move is part of Binance’s strategy to streamline offerings and enhance platform efficiency. Starting November 7 at 06:00 UTC, isolated margin borrowing for QTUM/BTC and XVS/BTC will be suspended, with full delisting on November 14 at 06:00 UTC.

Positions in both cross and isolated margin pairs will close automatically, with all open orders canceled. To prevent losses, Binance advises users to close their positions early and transfer assets from Margin Wallets to Spot Wallets. This guidance aims to help users navigate the transition smoothly.

While QTUM and XVS are leaving BTC margin trading, both assets will remain available on other non-margin pairs. This keeps options open for users who want to continue trading these assets on Binance. The changes reflect Binance’s ongoing adjustments to meet shifting market demands.

In addition, Binance will delist spot trading pairs COS/BTC and FXS/BTC on November 8 at 03:00 UTC. This decision follows Binance’s routine evaluations to maintain a high-quality trading environment. Factors like low liquidity and trading volume often influence these choices.

Price Movements and Volume Trends Amid Delisting The recent U.S. election result, with Donald Trump’s victory, has fueled a surge in these coins, reflecting renewed market optimism.

QTUM price is trading at $2.32, witnessing an intraday low of $2.13 and high of $2.32. While QTUM has gained traction in the short term, it’s still down over 3% the past week and 5% over last month. Moreover, the trading volume in the last 24 hours is $31 million and a market cap around $244.5 million.

XVS is also riding the wave, trading at $6.70, with a low of $6.19 and high of $6.70 over the last 24 hours. Its trading volume reached $2.82 million, indicating strong recent interest. Meanwhile, COS trades at $0.0066, and FXS is priced at $1.818, each seeing notable growth today.