Cryptocurrency Q&A What is the FRAX rate?

What is the FRAX rate?

JejuJoy Thu Jun 27 2024 | 5 answers 1540

Excuse me, I'm a bit of a novice in the cryptocurrency world and I've been hearing a lot about FRAX lately. Could you please explain to me in simple terms what the FRAX rate is? I understand it's some sort of stablecoin, but I'm not quite sure how its rate is determined or what factors influence it. Is it pegged to a specific fiat currency? And how does its price stability compare to other similar cryptocurrencies? Any insight you could provide would be greatly appreciated. What is the FRAX rate?

What is the FRAX rate?

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