PayPal’s Stablecoin PYUSD Part of Third Largest Liquidity Pool on Curve

“FRAX is kind of like the on-chain liquidity for PYUSD, and the latter is the offchain fiat ramp,” Sam Kazemian, founder of Frax Finance, told CoinDesk in an interview. “Since inception, the pool has seen an average daily trading volume of $5.5 million.”