PANews December 29 news, the Snapshot page shows that the community of the algorithmic stablecoin protocol Frax Finance has initiated a proposal vote to use 'USTB as collateral and custodial assets for frxUSD'. The voting will end on January 1, 2025. The proposal aims to introduce USTB to provide stability, liquidity, and treasury bond yields as reserves for the stablecoin. USTB, as collateral, has an initial cap of 100 million USD. Currently, USTB is being evaluated as a source of yield for Polygon's PoS Bridge Assets and Sky's USDS reserves.