Securitize, a brokerage firm for the Digital Liquidity Fund (BUIDL), has submitted a Frax Improvement Proposal to add BUIDL as the backing collateral for the Frax USD stablecoin.
Under the improved plan, the use of BUIDL as a collateralized reserve asset offers yield opportunities, deeper liquidity and transfer options, and, thanks to the backing of BlackRock, the world's largest asset manager, reduces counterparty risk.
Securitize proposes to use BlackRock BUIDL fund as collateral for Frax USD
2024-12-22 22:28:36
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