Frax Finance founder: Stablecoin Ecology Projects need to work together to increase liquidity

As long as Stablecoin keeps "liquidity proportional to each other" by sharing pools of liquidity and collateral, Frax Finance founder Sam Kazemian said inan interview on July 25, There will never be real competition between projects. Kazemian believes that USDC is the most valuable Stablecoin in the system for the greater transparency of its reserves throughout the industry. USDC is a "low risk and low innovation project", but it is the foundation layer for further innovation of other projects. "Although FRAX's Stablecoin is algorithmically partially stable, Kazemian says that algorithmically stable is simply not possible."