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Frax community approves frxUSD stablecoin backed by BlackRock's BUIDL
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.
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Frax Finance Proposes Using BlackRock’s $530M BUIDL Token To Back Relaunched Stablecoin
Frax Finance is considering a proposal by Securitize Markets to integrate BlackRock's BUIDL token as collateral for its upcoming Frax USD stablecoin. The BUIDL token, backed by over $530 million ...