Foresight News reports that the mixed algorithm stablecoin protocol Frax Finance tweeted that Frax Shares (FXS) will be restructured into FRAX, and the stablecoin FRAX will be converted into frxUSD. Users will not need to take any action, and the existing FRAX stablecoin will continue to operate normally. In addition, the team is also creating a crypto strategic reserve and will invest the revenue in BTC and ETH. Furthermore, frxUSD will be launched on chains such as ink, Movement, NEAR Protocol, and Sonic.