We are pleased to announce that @DefiLlama has officially verified frxUSD. As the most trusted data platform in DeFi, they have independently verified the backing of the institutional-grade stablecoin from Frax. This milestone represents a fantastic collaboration between two OG DeFi teams, and we look forward to sharing more joint efforts in the future. Please stay tuned for further updates as we continue our application process for a GENIUS license. You can access the verification records at the link below.

https://defillama.com/verified/frxusd