Hassan Maishera
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.
