Frax (FRAX), the multi-chain stablecoin backed by U.S. Treasury assets, recorded an exceptional 53% price surge in the last 24 hours, drawing strong attention fromFrax (FRAX), the multi-chain stablecoin backed by U.S. Treasury assets, recorded an exceptional 53% price surge in the last 24 hours, drawing strong attention from
Why did Frax (FRAX) Surge Over 53% Today?
Frax (FRAX), the multi-chain stablecoin backed by U.S. Treasury assets, recorded an exceptional 53% price surge in the last 24 hours, drawing strong attention from traders and institutions alike. Notably, according to CoinGecko data, the token climbed to $0.9802, accompanied by an 891.40% increase in trading volume to $28.6 million.
This sharp rally marks a significant shift in FRAX’s market activity and comes during a broader recovery across the cryptocurrency market. While FRAX remains below its all-time high, the scale and speed of this move signal renewed confidence and rising demand for the asset.
Binance Listing Sparks Surge
The primary driver behind FRAX’s sudden rise is Binance’s announcement that it will integrate FRAX across multiple major services, greatly expanding access and liquidity.
Notably, effective January 15, 2026, FRAX will be supported across the Binance platform, allowing users to earn yield via Binance Simple Earn. Users can also purchase the token through Binance Buy Crypto using methods such as Visa, Mastercard, Apple Pay, and Google Pay, and engage with it on Binance Convert, Binance Margin, and Binance Futures.
Furthermore, this broad rollout instantly exposes FRAX to Binance’s massive global user base, removing friction for both retail and institutional participants. The ability to easily buy, stake, trade, hedge, and leverage the token within Binance’s ecosystem significantly increases its utility and attractiveness.
Additionally, FRAX’s recent listing on Gate Futures for perpetual trading has made it more accessible to derivatives traders, further boosting volume and speculative interest. Together, these listings dramatically expanded FRAX’s liquidity footprint, helping explain the explosive rise in volume and price.
Institutional Capital and TradFi Integration Add Credibility
Beyond exchange access, FRAX is also benefiting from growing institutional involvement. ATW Partners recently announced a $50 million investment in frxUSD, Frax’s dollar-backed stablecoin. This move aims to bridge traditional finance with decentralized finance, enabling institutions to mint, redeem, and earn on-chain with regulatory-grade custody.
Custody for the investment will be handled by BitGo, a qualified institutional custodian. This signals that FRAX is increasingly being treated as a legitimate financial instrument rather than a purely crypto-native experiment.
Moreover, this combination of institutional capital, regulated custody, and growing infrastructure adds long-term credibility to the Frax ecosystem and strengthens investor confidence, reinforcing the bullish response to the Binance announcement.
About FRAX
Frax Finance operates on a hybrid stablecoin model, combining partial algorithmic stabilization with collateral backing, unlike fully collateralized or purely algorithmic stablecoins. This allows FRAX to scale efficiently while holding on to price stability.
Additionally, the multi-chain protocol also offers tokenized U.S. Treasury-backed stablecoins via FraxNet, liquid staking for Ethereum, and various lending markets and DeFi liquidity tools. This blend of traditional financial backing and decentralized infrastructure positions Frax as a unique bridge between TradFi and DeFi.
Arguably, FRAX’s 53% surge is not the result of speculation alone. It reflects a powerful convergence of exchange accessibility, institutional trust, regulatory-aligned custody, and expanding real-world utility. Moreover, Binance’s integration acted as the immediate trigger, while institutional backing and Frax’s evolving infrastructure provide the deeper foundation behind the move.
As adoption continues to grow across both retail and institutional markets, the token’s recent performance suggests it may be entering a new phase in the global digital finance ecosystem.
The post Why did Frax (FRAX) Surge Over 53% Today? appeared first on CoinTab News.
Market Opportunity
FRAX Price(FRAX)
$0.9212
$0.9212$0.9212
USD
FRAX (FRAX) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
X to cut off InfoFi crypto projects from accessing its API
X, the most widely used app for crypto projects, is changing its API access policy. InfoFi projects, which proliferated non-organic bot content, will be cut off
Share
Cryptopolitan2026/01/16 02:50
X Just Killed Kaito and InfoFi Crypto, Several Tokens Crash
The post X Just Killed Kaito and InfoFi Crypto, Several Tokens Crash appeared on BitcoinEthereumNews.com. X has revoked API access for apps that reward users for
Share
BitcoinEthereumNews2026/01/16 03:42
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise
The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37