Frax Finance integrates cross-chain infrastructure protocol Axelar Network (AXL) and issues assets such as FRAX and frxETH on multiple chains.

BlockBeats news, on December 20th, Frax Finance, a hybrid algorithm stablecoin protocol, announced that it has integrated with cross-chain infrastructure protocol Axelar Network (AXL) to issue assets such as FRAX and frxETH on multiple blockchain platforms including Osmosis, Mantle, Linea, Kujira, Manta Network, and Scroll. This move aims to enhance the coverage and interoperability of its assets, further expanding the ecosystem of Frax Finance. Frax Finance recently launched an extensive real-world asset (RWA) strategy, with cross-chain expansion being a core part of it. Blockchain interoperability is seen as a key factor in the practicality of stablecoin and RWA applications. Frax chose Axelar Network as a partner based on its scalability, programmability, and security. Through this partnership, Frax aims to promote the generation, trading, and circulation of digital assets in multiple use cases, contributing to the development of a more interconnected decentralized finance (DeFi) ecosystem.