# Frax

💡Information
The issuance rights of the USDH stablecoin under Hyperliquid have attracted competition from multiple institutions, with Paxos, Frax, and others submitting bidding proposals. Paxos promises compliance and high yield distribution, while Frax plans to peg USDH to frxUSD. Agora has formed a joint team, committing to revenue distribution. The proposal deadline is September 10, and voting will take place on September 14. #稳定币 #Paxos #Frax #Hyperliquid

#Frax combines the best of algorithmic and collateralized stablecoins, enhancing stability!

#Frax is introducing a new type of stablecoin, combining algorithmic stability with collateral!