Polygon Labs, Frax, Curve Finance and DFB Network have launched a suite of foreign exchange liquidity pools on the Polygon blockchain, enabling onchain swaps between fiat-pegged stablecoins using Frax's frxUSD as the base dollar pairing.
The pools are live on Curve's Polygon deployment and pair frxUSD against BRZ (Brazilian real), IDRX (Indonesian rupiah), tGBP (British pound), AUDF (Australian dollar), KRWQ (Korean won) and USDT, with additional currency pairs in development. The four partners have also collaborated on an incentive program to bootstrap liquidity across the pools, with gauges live for reward distribution.
$6 Trillion Market
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