BlackRock’s BUIDL fund backs new Frax Finance stablecoin, enhancing fiat-crypto bridge
Ethereum | January,3 2025
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has deepened its position within the digital asset space as Frax Finance approved it as collateral for its soon-to-be-launched frxUSD stablecoin, according to a Jan. 2 statement. FrxUSD frxUSD is Frax Finance‘s newly rebranded stablecoin that offers direct fiat redemption and enhanced regulatory compliance. Sam Kazemian, Founder of […]
The post BlackRock’s BUIDL fund backs new Frax Finance stablecoin, enhancing fiat-crypto bridge appeared first on CryptoSlate.
