Frax Founder Sam Kazemian Don Named Stable CTO
Frax founder Sam Kazemian don appointed as chief technology officer (CTO) for Stable, wey be blockchain for institutions wey dem build specially for stablecoin issuance and settlement. For one tweet for August 29, Kazemian confirm say e go join Stable as CTO but still dey do him CEO role for Frax Finance. As Stable CTO, e go dey lead the technical roadmap and dey oversee development of core features like interoperability, scalability, and security. Stable wan provide transparent and efficient infrastructure for institutions wey dey issue stablecoins. Traders suppose dey watch Stable upcoming milestones and possible token launch wey fit affect FRAX liquidity and the wider stablecoin market indirectly.
Neutral
To put one well-known founder as CTO for new stablecoin infrastructure project na strategic move, no be something wey go shake market sharp sharp. E be like before wey founders bring technical skills come new chains, this announcement fit make people trust Stable more for road plan and long term growth. But e no go cause big price wahala for FRAX or any other stablecoins now now. Traders fit dey see slow slow improvements for project fundamentals, so overall e no go too affect market now.