Securitize proposes to use BlackRock BUIDL funds as collateral for Frax USD
Internet reports that Securitize, the brokerage firm of Digital Liquidity Funds (BUIDL), has submitted a Frax improvement proposal to add BUIDL as backing collateral for the Frax USD stablecoins. According to the improvement plan, using BUIDL as a collateralized reserve asset can provide income opportunities, deeper liquidity and transfer options, and can reduce counterparty risk due to support from BlackRock, the world's largest asset manager.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
