Securitize proposes using BlackRock BUIDL fund as collateral for Frax USD
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2024-12-23 06:32 1,906
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Golden Finance reports that Securitize, the brokerage firm of the Digital Liquidity Fund (BUIDL), has submitted a Frax improvement proposal to add BUIDL as a supporting collateral for the Frax USD stablecoin.
Under the enhancements, using BUIDL as a collateralized reserve asset could provide yield opportunities, deeper liquidity and transfer options, and reduce counterparty risk thanks to the backing of BlackRock, the world’s largest asset manager.