Frax tests receivables lending as CEO bets businesses will drive stablecoin adoption
- —FraxNet is testing receivables financing via individual lending vaults backed by unpaid invoices
- —Businesses holding frxUSD can earn up to 5% annually through sfrxUSD while keeping funds usable
- —frxUSD circulation is about $100 million, with over $10 million in daily minting and redemptions
- —Frax has signed deals with several large companies, with announcements expected soon
Why it matters: Corporate treasury demand could push stablecoin usage beyond DeFi and into everyday business payments.
Source: Crypto Briefing