Securitize proposes to add BlackRock's BUIDL token as backing for stablecoin Frax USD

Retrieved on: 2024-12-22 23:30:01

Tags for this article:

Cryptocurrencies

Blockchains

Frax

Stablecoin

Decentralized autonomous organization

Counterparty

BlackRock

Sam Kazemian

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Securitize proposes to add BlackRock's BUIDL token as backing for stablecoin Frax USD. View article details on hiswai:

Summary

The article discusses Frax Finance's plan to integrate BlackRock's BUIDL token as a reserve for its Frax USD stablecoin, which is subject to DAO governance approval. This relates to the key concept of 'Stablecoin' by exploring reserve asset strategies to enhance security and reduce counterparty risks. Tags like 'Cryptocurrencies', 'Blockchains', 'Frax', and 'Decentralized autonomous organization' highlight these interconnections.

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