The Frax Finance community has initiated a vote to adopt BlackRock’s USD Institutional Digital Liquidity Fund Ltd (BUIDL) as a reserve asset for its proposed stablecoin, Frax USD (frxUSD). Opened on December 26, the vote has received unanimous support from tokenholders, with discussions highlighting benefits such as enhanced liquidity and reduced counter-party risk. BUIDL, which has quickly amassed over half a billion dollars in assets, aims to bridge traditional finance and decentralized finance by tokenizing real-world assets.
read more