Frax Finance introduced a new lending venue on Morpho for its stablecoin Frax USD (frxUSD) on November 10. This expansion allows PegKeepers to access more liquidity and yield opportunities through curated vaults managed by CrossWorlds. Initial liquidity pools include sfrxUSD, sUSDe, USD3, trUSD, sDOLA, and sVUSD. Additionally, frxUSD is linked to a pre-IPO lending product that mints USDte, facilitating loans tied to pre-IPO equity in emerging tech sectors like AI and aerospace, with repayments in USDte.
Frax Finance's new Morpho lending venue for Frax USD (frxUSD) provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, 37 of 50 rose and 10 fell today. Notable movers include XLM at Rp2.728 with a 5.74% increase and 95% buy orders, AVAX at Rp156.479 up 5.01%, and ADA at Rp3.235 rising 3.95%. This data is as of Nov 12, 2026 01:02 WIB.
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