Frax’s frxUSD is backed by BlackRock’s BUIDL Fund, offering stablecoin yield and blending DeFi with traditional finance. frxUSD maintains a 1:1 U.S. dollar peg and enables direct fiat conversion via ...
The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. According to the ...
Frax Finance votes on using BlackRock's BUIDL token to back its revamped frxUSD stablecoin, with unanimous support so far. Sui is set to unlock 64 million SUI tokens on January 1, primarily benefiting ...
The Frax DAO is voting on using BlackRock’s tokenized treasury product as stablecoin collateral with 42 community members already voted in support of the motion. The voting is expected to close ...
The voting period to onboard BlackRock’s USD Institutional Digital Liquidity Fund as a reserve asset for Frax Finance’s new stablecoin, Frax USD, opens on Dec. 27 until Jan. 1, 2025. To make this ...