🚀 New update on the Frax Finance community proposal! The proposal suggests introducing USTB as collateral and custodial asset for frxUSD. USTB is a tokenized short-term U.S. Treasury bond fund designed to provide investors with stability and liquidity while aiming for returns in line with the federal funds rate. The initial cap is set at $100 million, and voting is now open, with a deadline of January 1 next year. What do you think of this proposal? Feel free to share your thoughts in the comments! 💬 #Blockchain #Stablecoin #FraxFinance