Frax Rebrands To FRAX As Crypto.com Halts Trading; renDOGE Bridges DOGE To Ethereum

Crypto.com suspends Frax Share (FXS) trading ahead of its rebrand to Frax (FRAX) with 1:1 token conversion.
- Existing FXS tokens will automatically convert to FRAX following the rebrand completion according to platform announcements.
- renDOGE enables Dogecoin holders to use DOGE on Ethereum for DeFi applications.
- The project expands Dogecoin's utility through cross-chain interoperability.

Frax Share (FXS) is undergoing a significant rebrand to Frax (FRAX), prompting Crypto.com to suspend trading activities. Simultaneously, renDOGE continues bridging Dogecoin (DOGE) to Ethereum's ecosystem. These developments highlight crypto's evolving infrastructure as projects enhance functionality and market positioning.

What Does The Frax Rebrand Mean For Token Holders?

Crypto.com halted FXS trading, deposits, and withdrawals ahead of its conversion to FRAX. The platform will convert existing FXS holdings to the new FRAX tokens at a 1:1 ratio post-rebranding. All active limit orders and recurring buys involving FXS were automatically canceled during the suspension.

FXS functionality for card top-ups and auto top-ups was immediately discontinued. The exchange advised users to settle negative balances before the transition. FRAX trading will resume following a separate platform announcement. Holders should monitor their accounts for the automated conversion.

How Does renDOGE Enhance Dogecoin's Utility?

renDOGE tokenizes Dogecoin for Ethereum blockchain integration. The project wraps DOGE into ERC-20 tokens, enabling participation in Ethereum-based DeFi protocols. This grants Dogecoin holders access to lending, liquidity pools, and decentralized exchanges.

RENDOGE tokens facilitate transactions and liquidity provision across Ethereum's ecosystem. Since its 2020 launch, the protocol has focused on cross-chain interoperability. This expansion significantly increases Dogecoin's utility beyond its native blockchain capabilities.