Frax community approves frxUSD stablecoin backed by BlackRock’s BUIDL
According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has over $648 million in assets under management.
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According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has over $648 million in assets under management.
According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.
Token holders can mint deUSD against BUIDL, BlackRock’s onchain money fund, and swap on Curve, a popular DEX.
Holders of Blackrock’s tokenized money fund can now tap into DeFi opportunities while earning interest from United States Treasury bills, Securitize said.
The tokenized money market fund will launch on nearly half a dozen new blockchain networks.
Franklin Templeton says this is the first tokenized money fund to launch on Coinbase’s layer-2 network.
The United States Treasury Department is taking an interest in stablecoins and tokenization.
BlackRock and Securitize are reportedly in talks to integrate BUIDL as collateral for derivatives trading on Binance, OKX, and Debirit.
The card links to WisdomTree’s WTGXX onchain money fund, which yields 4.6% APR.
Ethena’s synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.
