Former Trump Economic Advisor will issue a new stable currency linked to the US dollar

Former US Trump Economic Advisor Stephen Moore partnered with Reagan's former Deputy General Counsel Ralph Benko and Everipedia co-founder Sam Kazemian to launch a new stable currency called Frax. Moore will be the co-founder and chief economic officer of Frax, the company behind Stabilization, and Kazemian will be another co-founder. According to the statement, Frax will lend the reserves and generate interest to ensure that each Frax value is close to one dollar.