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Easily convert FRXUSD to OMG 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.
OMG Network (OMG) is a Layer-2 scaling solution for the Ethereum blockchain, designed to facilitate faster and more cost-effective transactions. By using a technology called Plasma, OMG Network enables users to transfer assets with minimal fees while maintaining the security and decentralization of the Ethereum network.