What the FRAX: A Crypto is Born after President Trump Failed at Infiltrating the Federal Reserve

Written by alyzesam | Published 2019/12/03
Tech Story Tags: cryptotransaction | stablecoin | fintech | loans | banking-trends | hackernoon-top-story | cryptocurrency-top-story | frax-stablecoin

TLDR Stephen Moore is co-founding Frax with an existing successful crypto entrepreneur, Sam Kazemian. Frax will be a fractional-reserve, algorithmic Stablecoin that relies on algorithms to loan out it’s reserves, while collecting interest; this ensures the value of Frax remains truly pegged to. fiat. President Donald Trump and former Wall Street Journal editorial board member Stephen Moore are “Frax-ing’ with Everipedia’�s. Sam is known for launching the bad ass blockchain competitor, Everipedia.via the TL;DR App

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Written by alyzesam | A smiling survivor serving in ethical tech Termed "Stablecoin Queen" & “the heart of social impact blockchain.”
Published by HackerNoon on 2019/12/03