Frax Finance to retire algorithmic backing amid stablecoin crackdown
22 Febrero 2023 - 10:37PM
Cointelegraph
![](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvNDEyYWM5ODMtODA5Mi00MDZhLWJhMjAtZTM3MWI3NmFjOWQ2LmpwZw==.jpg)
The vote was passed to fully collateralize Frax Finance's native
stablecoin, thus phasing out its algorithmic backing.
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