Summary
- Frax Finance is considering investing up to $10 million in World Liberty Financial, with an initial investment amount of $5 million.
- If the investment is made, Frax Finance will be integrated into the World Liberty Financial ecosystem.
- Frax Finance stated that this investment could position them as a leader in U.S. cryptocurrency innovation.
The algorithm-based stablecoin project Frax Finance (FXS) is considering an investment of up to $10 million in World Liberty Financial (WLFI).
The Frax Finance community began preliminary discussions on the investment in World Liberty Financial on the 23rd. World Liberty Financial is a cryptocurrency company established last year by the family of Donald Trump, the President of the United States.
The initial investment amount under consideration by Frax Finance is $5 million. Frax Finance is also considering increasing the investment amount to a maximum of $10 million.
If the investment is made, Frax Finance will be integrated into the WLFI ecosystem. Frax Finance stated, "World Liberty Financial has the potential to onboard millions of Americans into decentralized finance (DeFi)," and "By investing in World Liberty Financial, Frax Finance can position itself as a leader in U.S. cryptocurrency innovation."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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