Frax targets enterprise stablecoin finance with app marketplace and DeFi card
Photo: TokenPost
Frax is developing an enterprise-focused financial platform that brings stablecoin payments, custody and receivables financing together. Its plans center on an app marketplace for adding purpose-built services and a DeFi card designed differently from existing products. In an Oct. 18 interview with The Rollup, Frax founder Sam Kazemian said the company is turning FraxNet into a neobank platform with an app store after concluding that a single product could not meet every user’s needs. Frax is a consortium member of the Open USD Network and can mint and redeem its stablecoin at zero basis points.
Source: TokenPost
