RAAC x Frax | A Strategic Partnership: Building Treasury Bill & RWA backed stablecoin pools in DeFi

RAAC is excited to announce a strategic, long-term partnership with Frax! This collab establishes Frax as the core T-bill backed stablecoin partner of RAAC. Together, RAAC and Frax are focusing around a shared objective…creating one of the deepest T-bill and RWA based stablecoin pools in DeFi!

1) pmUSD x frxUSD | A Core Stablecoin Pair

A central component of the partnership is pmUSD pairing with frxUSD, and bolstering the pool depths - as a core route for a t-bill backed stablecoin. By aligning pmUSD with Frax's native stablecoin, RAAC is reinforcing a liquidity and stability flywheel that benefits both ecosystems. This pairing strengthens:

• Stablecoin liquidity depth, velocity, and price stability
• Incentive efficiency across Frax-native liquidity venues
• Protocol alignment on vote-based pool incentives

The pmUSD–frxUSD pair positions pmUSD at the heart of Frax's stablecoin ecosystem while supporting broader adoption of frxUSD as a core DeFi settlement asset. This pairing will also drive further velocity and utility for both protocols which ultimately translates to high protocol revenue.

2) Bringing pmUSD into the Frax Ecosystem

Beyond spot liquidity, RAAC will leverage Frax's expanding product suite to support pmUSD expansion across product lines!

• FraxSwap
• FraxLend | Lend & borrow against LP
• Potentially deploying pmUSD to Fraxtal

Through these integrations, pmUSD is positioned not just as a core pair, but as an actively utilized currency across Frax's products—driving sustainable demand, velocity, and on-chain utility for both stablecoins.

Looking Forward

Overall this partnership establishes a long-term strategic alignment between RAAC and Frax protocols. Expanding velocity and utility for both protocols and offering greater utility for the public, so we couldn't be more excited.

• Sustainable stablecoin & RWA liquidity
• Scalable FX and leveraged markets
• Deep, composable real-world asset infrastructure

Stay tuned for pool and product specific announcements and go check out the pmUSD/frxUSD pools on Curve today!

Upwards and onwards,
RAAC Team