How Frax beats the RestWritten by jackchong.eth and 0xkowloon.eth Stablecoins represent a large portion of the cryptocurrency’s total market capitalization, with a market size of $180 billion+. The simplest definition of a stablecoin is a digital currency with a value that's pegged to a ‘stable’ reserve asset, usually the U.S. dollar. For institutions, stablecoin is a wedge into the broader digital asset market: providing a higher yield and faster settlements to fiat whilst retaining the...