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What are the benefits of FRAX and its Ecosystem?

Created in 2020 as the world's first fractional-algorithmic stablecoin, FRAX pioneered a hybrid approach to stability. The benefits of FRAX stem from its innovative design, which combines on-chain collateral with algorithmic market operations to create a scalable and censorship-resistant stablecoin, powering a comprehensive and capital-efficient decentralized finance (DeFi) ecosystem.