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Spotlight: Sam Kazemian, founder of Frax at Bitcoin 2025 conference in Las Vegas

Sam Kazemian, founder of Frax, introduces the platform as a pioneer in decentralized finance (DeFi), known for creating one of the first decentralized stablecoins, FrxUSD which is now fully backed by U.S. Treasury bills and managed through top custodians like BlackRock,Fidelity, WISDOMTREE, aiming for full compliance and a future U.S. payment stablecoin license. With its own high-performance blockchain, Fraxtal, designed for fast, low-cost transactions, Frax envisions becoming the premier platform for digital dollar payments—a unified money stack for the future of DeFi and global finance.