# Frax Finance Launches Morpho Lending Venue for Frax USD (frxUSD) By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/54323 Published: 2026-11-11T18:40:12.000Z Updated: 2026-11-11T18:40:12.000Z Section: Technology > CrossWorlds curates the vault, with initial markets including liquidity pools featuring six tokens. Frax Finance launched a new Morpho lending venue for Frax USD (frxUSD) on Tuesday, Nov. 10, expanding PegKeepers’ routes to liquidity and yield opportunities. CrossWorlds curates the frxUSD vault on Morpho. The initial markets include liquidity pools featuring sfrxUSD, sUSDe, USD3, trUSD, sDOLA and sVUSD. Frax had already linked frxUSD to a separate [pre-IPO lending product]() that uses the stablecoin to mint USDte. That product covers loans tied to pre-IPO equity in frontier technology sectors, including artificial intelligence and aerospace, with loans settling in USDte. ## Links in this article - [pre-IPO lending product](https://www.tokenpost.com/news/business/48809)