Noble brings FRAX and sFRAX to Cosmos and IBC ecosystem

Noble, a native on-chain asset issuance blockchain, has collaborated with Frax Finance to introduce decentralized stablecoins, FRAX and sFRAX, to the Cosmos and IBC ecosystems. FRAX is a stablecoin pegged to the USD, maintaining a 1:1 value. It utilizes Algorithmic Market Operations (AMO) contracts and non-custodial subprotocols to uphold its peg to the US dollar. On the other hand, sFRAX is a staked version of FRAX, allowing users to earn yield exposure on their stablecoins by locking their FRAX with a staking provider. This partnership enables FRAX and sFRAX to be accessed natively by all major Cosmos chains integrated with IBC through Noble, the digital asset issuance chain and native asset issuer of USDC in the Cosmos ecosystem. With this integration, Noble aims to provide liquidity, interoperability, and a seamless user experience, ultimately benefiting asset issuers and end users.