News with the tag "frxUSD"

Frax Finance has launched the frxUSD stablecoin, backed by BlackRock’s BUIDL fund, merging traditional finance stability with blockchain transparency. This collaboration offers users yield-bearing opportunities and bridging decentralized finance (DeFi) with institutional financial systems. Recently,...

According to RWA.XYZ, BlackRock's US dollar Institutional Digital Liquidity Fund has over $648 million in assets under management.

Securitize is brokering a deal for BlackRock’s BUIDL token to be integrated as collateral for the soon-to-be-released Frax USD stablecoin. The Frax improvement proposal is undergoing a governance process; should it pass, BUIDL will be part of Frax. Securitize is the brokerage firm for the BlackRock ...