Businesses Will Drive the Next Wave of Stablecoin Adoption, Frax CEO Says as Firm Tests Lending Product
Key Highlights Frax founder Sam Kazemian criticized legacy card network fees of 2% to 3%, arguing that dollar-pegged stablecoins can replicate the low-cost efficiency of Brazil’s Pix and India’s UPI for enterprise merchants. FraxNet is actively piloting onchain receivables financing via lending vaults, allowing commercial enterprises to borrow against unpaid invoices using frxUSD. Kazemian views ...