Frax is a fractional-algorithmic stablecoin, partially secured by collateral, partially algorithmically stabilized. Stablecoin is fully managed by the community.

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Frax

The Frax protocol is the first stablecoin system with a fractional algorithmic system. It has an open-source code that does not require permission and is linked to a chain. Implemented on Ethereum.

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Frax Price Index

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The absurdity of having multiple types of PayPal dollars, each with different (and potentially confusing) levels of customer protection.

http://jpkoning.blogspot.com/2023/09/there-are-now-two-types-of-paypal.html…

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Great piece by @jp_koning about how $PYUSD is safer in backing than Paypal's own user balances (summary):

"PayPal now offers its customers two types of U.S. dollars...you'd assume the traditional non-crypto version is the safer one. And I think that fits with most peoples'…

Great piece by @jp_koning about how $PYUSD is safer in backing than Paypal's own user balances (summary):.