๐ฐ $FRAX Sees Big Moves Today โ Price & Adoption Buzz
๐ $FRAX (formerly FXS) has blasted higher in the market after Binance completed the mainnet swap from FXS to FRAX and reopened FRAX/USDT spot trading, tightening supply and triggering a sharp price breakout (up ~60%+ in 24 hrs) as traders react to renewed liquidity and bull sentiment.
๐ฐ Institutional capital flows into frxUSD stablecoin โ ATW Partners announced a $50M strategic investment into frxUSD, a U.S. Treasury-backed stablecoin, with custody provided by BitGo, strengthening institutional confidence in the Frax ecosystem.
๐ Strategic product rollouts on Binance โ Binance opened FRAX/USDT spot trading, leveraged products, and futures offerings, widening access for traders and DeFi participants while expanding $FRAX market depth today.
๐ Supply dynamics shift โ Large holders like DWF Labs withdrew millions of FXS tokens from Binance into private custody, a move seen as bullish by analysts as it reduces circulating supply and suggests long-term confidence.
โญ What This Means Now
โ๏ธ FRAX price rally backed by exchange migration and liquidity tightening
โ๏ธ Major institutional investment boosts stablecoin adoption
โ๏ธ Binance market support expands trading & derivatives access
#FRAX #FraxFinance #Stablecoin #DeFi #CryptoNews
