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Easily convert TLTON to FRXUSD with ConvertOnline's efficient tool.
The iShares 20+ Year Treasury Bond Tokenized ETF (Ondo) (TLTon) is a digital representation of a traditional exchange-traded fund that invests in U.S. Treasury bonds with maturities of 20 years or more. By tokenizing this ETF, it allows for greater accessibility and liquidity, enabling investors to trade fractional shares on blockchain platforms, thus broadening the market reach and enhancing the investment experience.
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.