Frax, SUI, Bitcoin Mutual Funds
Several events are in the pipeline for the crypto industry this week, like Frax Finance revamping its FRAX stablecoin into a new BUIDL-backed asset, Sui unlocking 64 million governance tokens, and six Israeli investment firms launching Bitcoin mutual funds.
Web3 SDK platform Empyreal will also launch a no-code AI Agent Launchpad. Furthermore, Pendle will perform an airdrop, Movement’s Mainnet Launch is scheduled, and GammaSwap’s yield tokens are having an audit. Overall, it’s a jam-packed week for the crypto community to kickstart 2025.
Frax Votes for BUIDL-Backed Stablecoin
Frax Finance is voting to use BlackRock’s tokenized fund BUIDL as the backing asset for its refreshed frxUSD stablecoin, which will end…
