Frax founder to serve as CTO of blockchain project Stable

On August 29th, Frax Finance founder Sam Kazemian announced on the social media platform X that he will officially join Stable, an institutional-grade stablecoin blockchain project, as Chief Technology Officer (CTO). Notably, while taking on this new role, he will retain his position as Chief Executive Officer (CEO) of Frax Finance, maintaining his leadership role within the Frax ecosystem.

Stable is a high-performance blockchain designed specifically for stablecoins, committed to providing secure, compliant, and scalable infrastructure for institutional clients. Sam Kazemian's joining is seen as a significant strategic move by him to integrate stablecoins with underlying blockchain technology.

It also signals the potential for deeper collaboration between Frax Finance and Stable in areas such as stablecoin issuance, cross-chain mechanisms, and institutional services. This move further demonstrates Sam Kazemian and the Frax Ecosystem's continued expansion and resource integration in the stablecoin sector and blockchain infrastructure.