Frax Finance to withdraw algorithmic support amid stablecoin crackdown
The vote passed to fully endorse Frax Finance's native stablecoin, phasing out its algorithmic support.
![Frax Finance Algorithmic Withdraws backup amid stablecoin crackdown](https://s3.cointelegraph.com/uploads/2023-02/412ac983-8092-406a-ba20-e371b76ac9d6.jpg)
![Frax Finance to withdraw algorithmic support amid stablecoin crackdown](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvNDEyYWM5ODMtODA5Mi00MDZhLWJhMjAtZTM3MWI3NmFjOWQ2LmpwZw==.jpg?#)
The vote passed to fully endorse Frax Finance's native stablecoin, phasing out its algorithmic support.
![Frax Finance Algorithmic Withdraws backup amid stablecoin crackdown](https://s3.cointelegraph.com/uploads/2023-02/412ac983-8092-406a-ba20-e371b76ac9d6.jpg)
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