Frax Finance has introduced a new lending product allowing users to mint USDte tokens using Frax USD (frxUSD). This product ties the dollar-linked USDte token to loans secured by shares in private companies before they go public, focusing on frontier tech sectors like AI and aerospace. Frax USD also supports six local-currency stablecoin markets on Base, pairing frxUSD with various local tokens. This innovation could expand financing options for pre-IPO companies and investors interested in emerging technologies.
Frax Finance's new USDte minting product for pre-IPO loans is the subject, with Pluang market data as context. As of Nov 05, 2026 03:51 WIB, 42 of 50 major cryptocurrencies on Pluang rose while 7 fell. Notable movers include AXS at Rp15.895 with a 3.77% increase and 100% buy order activity, COTI at Rp184 up 3.46% with 99% sell orders, and ADA at Rp3.562 rising 3.31%.
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