Gate Booster 第 4 期:发帖瓜分 1,500 $USDT
🔹 发布 TradFi 黄金福袋原创内容,可得 15 $USDT,名额有限先到先得
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📅 任务截止时间:03月20日16:00(UTC+8)
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更多详情:https://www.gate.com/announcements/article/50203
ATW合作伙伴承诺$50M 支持frxUSD稳定币
Source: CryptoNewsNet Original Title: ATW Partners Commits $50M to frxUSD Original Link: https://cryptonews.net/news/finance/32280869/ ATW Partners has agreed to invest up to $50 million in the frxUSD stablecoin issued by Frax, with custody provided by BitGo. ATW Partners is a New York-based investment firm focused on structured finance. The initiative brings together ATW Partners, Frax, a decentralized stablecoin protocol, and BitGo, a regulated digital asset custodian, to support on-chain dollar deployment for institutional use.
Under the arrangement, ATW Partners, through its affiliates and portfolio companies, will allocate capital into frxUSD. BitGo Bank & Trust will act as a qualified custodian for the stablecoin holdings, providing regulated storage and operational security. Frax will be responsible for managing frxUSD reserves, which are fully backed by tokenized U.S. Treasury exposure.
The reserves are held through WisdomTree’s WTGXX fund on the FraxNet platform. WisdomTree is an asset manager specializing in tokenized financial products. This structure links traditional financial instruments with decentralized infrastructure, allowing dollar-backed assets to be used directly on-chain while maintaining transparent reserve backing.