Frax Finance has partnered with Noble to bring the Frax stablecoin into the Cosmos ecosystem

ChainCatcher news, according to The Block, Frax Finance is collaborating with Noble to bring the Frax stablecoin into the Cosmos ecosystem.

It is reported that the initial issuance of Frax on Noble will include the Frax token, a decentralized stablecoin that combines collateral and algorithmic mechanisms to achieve peg stability; and sFrax, which is the staked version of Frax designed to provide yield.