The Frax community has approved a proposal to use BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as collateral for its upcoming frxUSD stablecoin. The proposal, known as FIP-418, passed unanimously after six days of voting, the team said in an official press release. According to the approved proposal, the tokenized BUIDL fund will not only back the frxUSD stablecoin but also offer potential yield-bearing opportunities for its holders. The collaboration with BlackRock, which manages over…
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