Frax unveils FraxNet app marketplace and DeFi card for corporate stablecoin finance
- —FraxNet combines stablecoin payments, custody and receivables financing for companies
- —Frax is part of the Open US Dollar consortium with free stablecoin minting and redemption
- —Revenue model targets payment volume rather than balances held
- —The Frax DeFi card will differ from conventional crypto cards
Why it matters: Frax is betting on corporate stablecoin use, where demand for settlement and credit is growing faster than in retail.
Source: TokenPost