PANews reported on January 3rd that according to Beincrypto, the Frax protocol has passed a community proposal to use BlackRock's BUIDL fund as collateral for its upcoming frxUSD stablecoin. The BUIDL fund currently manages over $648 million in assets and has expanded to multiple mainstream blockchains such as Aptos and Polygon.
Frax Protocol to Use BlackRock’s BUIDL Fund to Support frxUSD Stablecoin
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