Launched a new PegKeeper pool pairing with pmUSD (precious metals USD stablecoin from Raacfi), with incentives offering up to 200% APY.

FXS perpetual contracts delisted from Crypto.com Exchange on 2026-01-12 at 08:00 UTC.

Partnered with dTRINITY_DeFi for DeFi innovation on Fraxtal.

Reached 1M veFXS in governance power delegated to Stake DAO.

Nominated for Best In Stablecoins award by The Rollup, with the winner to be announced on December 30th, 2025.

Launched commemorative NFT collection called Fraxiversary Collection on Fraxtal, backed by real assets, to mark the protocol's fifth anniversary on December 20, 2025.

frxUSD and sfrxUSD are now available on Solana network, powered by LayerZero cross-chain infrastructure.

Frax Finance migrates voting incentives to Votemarket platform for governance operations.

Frax Finance partners with Colossus Pay as an issuing partner for a closed-loop stablecoin payment network on Ethereum L2 that enables non-custodial payments at EMV terminals, alongside Solayer Labs and Kraken.

Frax serves as infrastructure and issuance provider for KrwqCash, the first KRW stablecoin live on Base network with real liquidity and usage onchain.

Latest Votemarket veFXN round distributes $26K in rewards across 8 campaigns with 6 active protocols participating including MetronomeDAO, protocol_fx, SmarDex, AlchemixFi, and asymmetryfin.

frxUSD partners with DEIN_fi to serve as collateral for DeFi insurance products alongside USDC and USDT.

New incentivized frxUSD/wBLT liquidity pool goes live on Deli Swap by BMXDeFi on Base blockchain.

frxUSD and sfrxUSD launch on Stable Mainnet at day one through LayerZero and Stargate Finance integration, with a Stable Fraxlend deployment planned to enhance utility.

Token upgrade from FXS to FRAX launches on Bitget exchange, with FRAX serving as the upgraded ecosystem token and gas token for Fraxtal L1.

The frxUSD PegKeeper pool for Curve Finance crvUSD surpasses $30M TVL and offers up to 14% APR.

Rarible integrates Fraxtal, enabling users to collect, trade, and launch Fraxtal NFTs with points rewards for every trade and 3 upcoming drops planned.

New partnership with protocol_fx creates fxUSD/frxUSD liquidity pool on Curve Finance following passed governance proposal.

Chaos Labs now independently verifies frxUSD's Proof of Reserves in real-time, enhancing transparency and security standards.

Votemarket launches incentive campaigns for crvUSD/frxUSD Curve pool with $56K in rewards, enabling veCRV holders to earn YB and wFRAX.

frxUSD will back Canton Network's premier stablecoin CUSD through collaboration with the Send team.

Partnership with institutional stablecoin issuance platform Brale announced to integrate frxUSD for their institutional customer base.

KRWQ, a project built on FraxNet infrastructure by the IQAI team, surpasses ₩1B in trading volume.

New partnership with MetronomeDAO launches msUSD/frxUSD pool on Curve Finance with incentives.

A frxUSD/fxUSD pairing with protocol_fx is about to launch as a collaborative stablecoin initiative.

sfrxUSD becomes available as collateral on Featherlend (Morpho Labs-powered platform) on Sei Network with active Frax incentives for borrowing.

Asymmetry Finance's USDaf protocol (Liquity v2 fork) accepts sfrxUSD as borrowing collateral, and frxUSD/USDaf becomes a top-performing Curve stable pool.

frxUSD experiences net inflows on affected chains as users move funds to perceived safety amid broader stablecoin backing concerns this week. The project confirms frxUSD remains fully backed and secure during the market uncertainty.

$10M worth of sfrxETH (2,405 tokens) stolen in $117M Balancer exploit affecting multiple chains. The hacker actively converts stolen liquid staking tokens to ETH.

Wallet tracking reveals $9M sfrxETH position alongside $27M osETH and $20M wstETH holdings in single address, with additional wallets showing $9M sUSDe/USDe positions on Berachain.

Launches FraxNet to provide institutional-grade stablecoin access.

Partnership with Bridge team revealed as the provider of orchestration infrastructure powering the FraxNet neobank platform over the past few months.

sfrxUSD integrates with Equilibria offering 250% vePENDLE boost and 28% boosted APY on Pendle yields.

Top pool on Curve Finance is now frxUSD/deUSD powered by Elixir, which brings funds from BlackRock, Hamilton Lane, and other institutions to DeFi.

New liquidity pools launch: frxUSD/deUSD LP with Elixir offering boosted CRV rewards through Staking V2, and msUSD/FRAXBP LP with MetronomeDAO on Stake DAO yielding 13% APR.

IQ partners with Frax Finance to launch KRWQ (KrwqCash), the first tradeable Korean Won stablecoin on Base network with multi-chain support.

Integration with Morpho Labs on Katana goes live with frxUSD vault and sfrxUSD/USDC market offering 0% borrow rate.

Frax Finance releases FraxNet, a multichain on-chain money account for frxUSD.

Frax is now available on Katana DEX with reward opportunities for users.

Curve Finance uses frxUSD to maintain crvUSD peg alongside USDC and USDT. New Frax AF co-incentivized LP launches between Frax Finance and Asymmetry with frxUSD/USDaf pool.

Launches KRWQ, the first Korean won stablecoin on Base chain in collaboration with IQ AI.

The frxUSD/crvUSD pool on Curve becomes the #1 strategy on StakeDAO, with over $11M TVL deposited since this morning.

Partnership announced between Frax and Colossus Pay, described as collaboration between payment infrastructure upgrading and money upgrading.

Partners with nearly all Ethereum-listed institutional DeFi teams to bring institutions on-chain via FraxNet and frxUSD.

SushiSwap on Katana network hosts frxUSD pools with sfrxUSD/AUSD pairs earning 40%+ APR.

YieldBasis CRV incentives go live on gauges in 2 days, with Stake DAO Staking V2 deposits opening Thursday morning for boosted yields on frxUSD/crvUSD pools powered by OnlyBoost.

Founder appears on Bankless to discuss FraxNet as a crypto neobank and open infrastructure platform.

FraxNet launches as a multichain stablecoin account platform for minting, redeeming, and earning with frxUSD, with new farms available.

frxUSD goes live on 20 chains simultaneously on day one, integrating LayerZero's OFT standard for omnichain deployment.

FraxNet launches as a dedicated platform for minting, redeeming, and earning with frxUSD.

YieldBasis launches $185,000 in YB incentives on VoteMarket for veCRV voters to support frxUSD/crvUSD and other crvUSD stablecoin pools on Curve Finance.

Infinifi Labs launches iUSD stablecoin backed by FRAX, USDC, and USDT with automatic DeFi yield staking, offering PT-iSUD loops with 60% ROE on $100k margin.

Stable platform launches pre-deposits, accepting only USDT and frxUSD for its institutional and payment infrastructure.

Curve Finance founder Michael Egorov proposes to scale yieldbasis by growing crvUSD pools with USDC, USDT, and frxUSD.

frxUSD issues natively on Linea blockchain with distribution through MetaMask and liquidity from Etherexfi in a collaborative partnership.

Katana integration launches with frxUSD/sfrxUSD and frxUSD/AUSD pools on SushiSwap, supported by live KAT incentives.

Feather lending protocol launches on Sei Network featuring sfrxUSD as one of 8 approved collateral assets with 91.5% Max LTV (the highest available), powered by Morpho Labs with additional SEI and FTRP token rewards.

Frax Finance opens junior role hiring position, indicating team expansion.

New frxUSD-USDFI liquidity pool on Curve Finance provides up to 30% in CRV rewards.

Curve Finance hosts new frxUSD-USDf stable pool with 19% CRV yields and 20x Falcon Miles incentives for Season 2.

frxUSD maintains stability during a historic market crash in the last 24 hours, demonstrating resilience as a fully-backed stablecoin during crisis conditions.

Fraxtal Hoodi testnet launching soon with faster 200ms Flashblocks technology, while current Holesky-based testnet sunsets October 17, 2025.

Chaos Labs, a leader in institutional blockchain risk management, completes comprehensive risk assessment of frxUSD, the fiat-redeemable stablecoin backed by tokenized U.S. Treasury funds held with regulated custodians.

frxUSD and sfrxUSD go live on Katana, offering KAT and SUSHI token rewards for liquidity provision.

FraxNet waitlist officially opens, offering an account-based platform for minting, redeeming, and earning with frxUSD across 20+ chains.

Market cap reaches $900M with a trader entering perpetual futures at -1% funding rate, considering the price cheap.

LayerZero transfers hit a monthly all-time high in September, while FraxNet launch approaches with expectations of accelerated growth.

The DeFi Stable Avengers pool featuring fxUSD reaches $1MM TVL in under a week, with veFXN holders directing emissions to the multi-stablecoin Curve pool.

Trader enters new low leverage long position after market flush, targeting $3.33 range highs with invalidation at $1.88 lows. Market successfully took the lows but has not yet reached the highs.

Sam Kazemian envisions one-to-one liquidity between a short list of real money GENIUS compliance stablecoins (including Frax USD) and branded corporate stablecoins like "Walmart USD" and "Starbucks USD," projecting these few stablecoins will compose a $3 trillion market.

Sam Kazemian reveals Frax is developing virtual cards and bank integrations for one-to-one mint/redeem capabilities as part of a full integrated payment stack. He also indicates that all major stablecoin players will need to issue GENIUS compatible stablecoins to compete in the $20 trillion market opportunity.

The four finalists for the USDH issuer contract are confirmed as Native Markets, Paxos x Kraken, Ethena, and Frax, with Ethena emerging as a new competitor and Paxos partnering with Kraken.

The full USDH proposal structure emerges offering 100% treasury yield allocation to Hyperliquid with GENIUS compliance and BlackRock treasury backing, competing in a high-stakes selection process worth approximately $300 million in annual yield.

Ethena selects Frax Finance as one of 18 OP Stack chains to power its expansion via OVaults technology for seamless cross-chain yield.

Trader reopens long position at smaller range highs with updated target of $3.35+, representing a follow-up entry to previous range low signal with invalidation below orange zone.

An influential Hyperliquid ecosystem voice publicly backs Native Markets over established issuers including Frax for the USDH ticker assignment, suggesting competitive headwinds for the existing USDH proposal despite welcoming all issuers to deploy on Hyperliquid.

Hyperliquid launches formal RFP for USDH ticker assignment, with Frax proposing 0% take rate USDH at frxUSD parity plus cross-asset mint/redeem capabilities.

frxUSD successfully integrates with Stables app on Ethereum, marking the first crypto card payment gateway for the stablecoin.

The competition has narrowed to 4 major players for Hyperliquid's USDH stablecoin contract, with the project competing alongside Paxos, AUSD, and Native Markets in the final selection round.

Frax establishes a USDH Alliance with a federally regulated U.S. bank issuer for Hyperliquid's stablecoin partnership, with contracts currently under review and the bank prepared to issue USDH if selected.

Updates its proposal in the ongoing competition for Hyperliquid's USDH stablecoin contract.

Frax schedules Twitter Spaces event for Tuesday at 4:30pm EST to discuss their bid for Hyperliquid's USDH stablecoin deployment contract.

Frax competes with Paxos and Agora for Hyperliquid's USDH stablecoin contract, with additional bidders expected to join the competition.

Frax Finance is being considered as a key partner for Hyperliquid's new stablecoin USDH, with a proposal to issue USDH backed 1:1 with frxUSD while directing 100% of yield to Hyperliquid users.

An advertising auction is currently active with 5 hours remaining, requiring users to bridge to the network and acquire wfrxETH or SQUID tokens to participate in bidding.