Frax Finance CEO: Decentralized Stablecoins Offer True Value, Not a Zero-Sum Game

Sam Kazemian, founder and CEO of Frax Finance, spoke at the Token2049 roundtable on "Stablecoins: Continued Growth, the True Killer App of the Crypto World?" He addressed the skepticism surrounding decentralized stablecoins following the Luna (UST) collapse, stating that the ability to redeem funds isn't solely determined by the issuer's centralization. Frax's vision, he explained, is to become a transparent, cashless, decentralized bank.

Kazemian emphasized that the crypto financial landscape is not a zero-sum game but a positive sum game. "Every builder is actually growing the pie, creating value, and providing liquidity for every user," he stated. He acknowledged the reluctance of traditional players in the US to embrace crypto but maintained that the crypto ecosystem will continue to grow and attract users until traditional players are compelled to join.