The Frax community has approved FIP-418, allowing BlackRock’s BUIDL token to collateralize the frxUSD stablecoin. This proposal passed unanimously after six days of voting, Frax Finance announced on Thursday. BlackRock’s BUIDL token, a tokenized money market fund, invests in U.S. Treasury bills, cash, and repurchase agreements. It ensures stability, liquidity,
BlackRock’s BUIDL token, created in partnership with Securitize and backed by U.S. Treasuries, has exceeded a market value of $500 million. Ethereum blockchain data from Etherscan confirmed the milestone on Monday. BUIDL token was introduced in mid-March and rapidly accumulated $502.8 million in tokenized treasuries within four months. This significant
Bringing web3 and decentralization to the masses, the BUIDL for Web3 Summit 2023, the premier web3 event kick-started the India Blockchain Week with over 1200+ attendees under one roof. Organized by Lumos Labs and Buidlers Tribe, powered by Bitget and supported by Aptos, Polygon Labs, and Zetachain, the premier web3
