Frax tokens to be natively issued on Noble, expanding into Cosmos ecosystem

Quick Take

  • Frax Finance is collaborating with Noble to bring the Frax stablecoin to the Cosmos ecosystem.
  • The move enables native integration of Frax and sFrax tokens on Noble.

Frax Finance is collaborating with Noble to expand Frax’s products into the Cosmos ecosystem, providing a relatively decentralized alternative to USDC.

The collaboration allows Frax and sFrax tokens to be integrated natively across the Cosmos ecosystem — made up of over 80 interconnected blockchains — for various applications, including decentralized finance and payments. This is in addition to its current issuance on Ethereum, where it has a total value locked of over $1.1 billion.

Frax’s initial offerings on Noble will include the Frax token, a decentralized stablecoin that combines collateralized and algorithmic mechanisms for peg stability, and sFrax, a staked version of Frax that aims to provide a yield.

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Within the Cosmos ecosystem, Noble is known for being the native asset issuance network for