Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
![](https://www.uomoelegante.it/wp-content/uploads/2023/03/fraxs-shift-to-a-fully-backed-stablecoin-signals-the-end-of-defis-algorithmic-experiment.jpg)
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model.
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model.