Frax has introduced FraxNet, a comprehensive platform for managing the GENIUS standard stablecoin frxUSD across more than 20 blockchains. This new account-based system allows users to mint, redeem, and earn on frxUSD, featuring self-serve onboarding, KYC/KYB compliance, and direct bank connections for seamless onramping and offramping. FraxNet is currently available for sign-ups in the U.S., excluding New York and Alaska, and for businesses in over 40 countries, with plans for further global expansion. The platform aims to streamline stablecoin transactions by integrating multiple blockchain networks into a single user-friendly interface.