The Frax community has voted to pass FIP-418 to use BlackRock's United States dollar Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin.
Frax Finance , a decentralized stablecoin Cryptocurrency protocol, today announced the launch of a new stablecoin, frxUSD, that will leverage BlackRock's USD Institutional Digital Liquidity Fund ...