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frxUSD Goes Crosschain with LayerZero

Twitter icon  •  Published 1 year ago on February 20, 2025  •  Hassan Maishera

On Wednesday, the LayerZero team announced via X that frxUSD goes crosschain using LayerZero’s infrastructure.

frxUSD Goes Crosschain with LayerZero

On Wednesday, the LayerZero team announced via X that frxUSD goes crosschain using LayerZero’s infrastructure. frxUSD is Frax Finance's new flagship stablecoin created with BlackRock and Superstate.

LayerZero connects it across 10+ chains with near-instant transfers and 1:1 rates. frxUSD combines institutional backing with top DeFi yields for unmatched utility.

LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $2.960, up 4% in the last 24 hours.

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Hassan Maishera Senior Reporter

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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