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Frax's sfrxUSD Launches on Sei

Twitter icon  •  Published 1 month ago on May 6, 2025  •  Hassan Maishera

On Monday, the Sei team announced via X that Frax's sfrxUSD is integrated with Sei Network, expanding stablecoin utility across DeFi apps like Jellyverse and Synnax.

Frax's sfrxUSD Launches on Sei

On Monday, the Sei team announced via X that Frax's sfrxUSD is integrated with Sei Network, expanding stablecoin utility across DeFi apps like Jellyverse and Synnax. frxUSD can now be converted to sfrxUSD directly on Sei, with support powered by LayerZero.

Thanks to this integration, users can stake and unstake frxUSD to/from sfrxUSD directly from Sei.

Sei is a high-speed Layer 1 blockchain tailored for the digital asset boom, from NFTs to DeFi. The blockchain intends to unlock a brand-new design space for consumer-facing applications. Its native coin, SEI is down 2.6% in the last 24 hours and is now trading at $0.2003 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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