When was FRAX released?

I'm curious to know more about the emergence of FRAX, a cryptocurrency that has gained significant traction in recent times. Could you please elaborate on when FRAX was released? I'm interested in understanding its initial launch date and any significant milestones or events that may have occurred around that time. The cryptocurrency market is constantly evolving, and FRAX seems to be one of the more prominent players in the fray. Your insights into its release date and initial reception would be invaluable for my research.