Frax Finance Founder: Stablecoin Projects Need Collaboration Not Competition

Frax Finance founder, Sam Kazemian, says stablecoin projects need to take a more collaborative approach to grow each other’s liquidity. Speaking to Cointelegraph, Kazemian explained that "as long as stablecoin liquidity is growing proportionally with each other through shared liquidity pools and collateral schemes, there won’t ever be true competition between stablecoins. growth in the stablecoin ecosystem is not a zero-sum game as each token is increasingly intertwined and reliant on each other's performance."