O BUIDL da BlackRock será o Token de suporte do FRAX USD

A Gold Finance report stated that Securitize previously proposed to use BlackRock’s BUIDL Token as support for Frax Finance’s frxUSD Stablecoin. This proposal has quickly been approved by the governance department, paving the way for the launch of frxUSD Stablecoin. BUIDL will become the custodial asset for minting and redeeming frxUSD. According to the statement, this Stablecoin will be exclusively backed by assets held by BlackRock’s BUIDL, which are invested in cash, US Treasury bonds, and repurchase agreements. O fundador da Frax Finance, Sam Kazemian, afirmou em um comunicado: “O FrxUSD combina a transparência e a programabilidade da tecnologia blockchain com a confiabilidade e estabilidade dos principais produtos de títulos do Tesouro da BlackRock.”