Burn

Founder

Altcoin

Genius

Frax Finance founder Sam Kazemian assessed the future of the FRAXUSD stablecoin.
Referring to stablecoin regulations in the United States, Kazemian stated that the Genius Act is technically in effect, but they anticipate the licensing process will be fully operational in the first quarter of 2027 (Q1 2027) as regulatory bodies (OCC and federal agencies) clarify procedures. The renowned founder stated that they aim for FRAXUSD to be one of the first compliant “Genius Stablecoins” to receive this license, adding that the “approved by default unless proven otherwise” clause in the law will pave the way for innovation.
Kazemian argued that we are entering a period where cryptocurrencies should be priced based on fundamental financial data, similar to traditional stocks. In line with this, Frax Finance will be holding an “Investor Week” in the third quarter (Q3) of 2026.
Sam Kazemian claims to have signed agreements with unnamed but globally recognized major Web2 companies and publicly traded companies for payment processing.
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Kazemian argued that traditional companies are only looking for “economically risk-free, Genius-compatible digital dollars” to hold in their treasuries and make payments on behalf of their clients, and that Frax wins huge tenders thanks to the brand perception it claims to possess.
According to the founder, a portion of the revenue from these collaborations, details of which will be announced in the third quarter, will be used for FRAX token burning, while another portion will be invested in R&amp;D to grow the business.
Making an unusual prediction about the future of the market, Kazemian claimed that the stablecoin market has been stagnant in the $100-200 billion range for a long time, but that a “jump” growth wave will come in the next 6 to 8 months. According to Kazemian, the growth will not be linear; a major bank moving 10% of its deposits to on-chain or a giant company issuing $5 billion worth of stablecoins could instantly send the market soaring to $600-700 billion.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/amid-market-turmoil-the-founder-of-a-binance-listed-altcoin-weighs-in-on-his-token-announces-a-burn/" rel="noopener noreferrer nofollow">Amid Market Turmoil, the Founder of a Binance-Listed Altcoin Weighs In on His Token: Announces a Burn</a>

Amid Market Turmoil, the Founder of a Binance-Listed Altcoin Weighs In on His Token: Announces a Burn

Bitcoin Sistemi EN

Other articles published on Jun 10, 2026

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