Gate News bot message, Hyperliquid plans to launch a new stablecoin USDH, triggering multiple institutions to compete for bids. Companies such as Paxos, Frax Finance, and Agora have submitted bidding proposals. Paxos promises to provide compliance solutions, support HyperEVM and HyperCore deployments, and use 95% of interest income for HYPE token buybacks. Frax proposed a "community-first" plan, intending to peg USDH to frxUSD at a 1:1 ratio. Agora has formed a joint bidding team, promising to allocate all net income to Hyperliquid. Hyperliquid requires companies to submit proposals by September 10, and voting will take place on September 14. Hyperliqui

Gate News Bot news, September 4th, according to CoinMarketCap data, as of the time of writing, FRAX (Frax) is currently priced at $2.85, with a rise of 9.93% in the last 24 hours, reaching a high of $2.86 and a low of $2.47. The 24-hour volume has reached $18.7 million. The current market capitalization is approximately $256 million, an increase of $23.1 million compared to yesterday. Frax is a project dedicated to building the most scalable stablecoin infrastructure in the world, serving the next generation of financial systems. Its core includes three pillars: the frxUSD stablecoin, the Fraxtal blockchain, and the Frax network. frxUSD is a secure, stable, and scalable digital dollar fully backed by institutional-grade tokenized U.S. Treasuries, supported by industry leaders such as BlackRock and Superstate.

Gate News Bot news, July 18, according to CoinMarketCap data, as of the time of writing, FRAX (Frax) is currently priced at $3.27, with a rise of 17.58% in the last 24 hours, reaching a high of $3.45 and a low of $2.15. The 24-hour volume is $8.19 million. The current market capitalization is approximately $290 million, an increase of $43.33 million from yesterday. Frax is a project dedicated to building the next generation of financial infrastructure, primarily consisting of three core pillars: frxUSD stablecoin, Fraxtal blockchain, and Frax network. frxUSD is a secure, stable, and scalable digital dollar fully backed by institutional-grade tokenized U.S. Treasury assets, supported by industry leaders such as BlackRock and Superstate. Fraxtal is a

PANews January 3 news, according to Beincrypto, Frax protocol through community proposals, will use BlackRock's BUIDL Fund as the collateral asset for its upcoming frxUSD stablecoin. The BUIDL Fund currently manages assets of over $648 million and extends to several mainstream blockchains like Aptos and