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Easily convert FRXUSD to CELR with ConvertOnline's efficient tool.
Frax USD (FRXUSD) is a stablecoin designed to provide price stability while being partially backed by algorithmic mechanisms. It aims to combine the best of both worlds: the reliability of a fiat-backed stablecoin and the innovative scalability of algorithmic stablecoins.
Celer Network (CELR) is a layer-2 scaling platform that aims to enhance the performance and usability of decentralized applications (dApps) by providing fast, secure, and low-cost transactions. It utilizes a unique technology called state channels, which allows off-chain transactions to be executed instantly while ensuring the security and integrity of the underlying blockchain.