RWA
Ondo Finance (ONDO) is a decentralized finance (DeFi) platform that aims to bridge the gap between traditional finance (TradFi) and DeFi by tokenizing real-world assets (RWAs). This means that Ondo allows users to invest in real-world assets, such as stocks, bonds, and real estate, using cryptocurrency.
VeChain (VET) is an enterprise-grade blockchain platform that aims to bridge the gap between the real world and blockchain technology. It utilizes a unique Proof-of-Authority (PoA) consensus mechanism and offers a comprehensive suite of tools for businesses to build and manage blockchain-based applications.
The FRAX stablecoin is a fractional-algorithmic stablecoin that is pegged to the US dollar. It is partially collateralized by USDC and other stablecoins, and the rest of its value is maintained by an algorithm that adjusts the supply of FRAX tokens. This algorithm uses a feedback mechanism to ensure that the price of FRAX remains close to $1.