Frax community approves frxUSD stablecoin backed by BlackRock's BUIDL 💹
The Frax community has given the green light to the frxUSD stablecoin, which is backed by BlackRock’s BUIDL. This move strengthens the integration of traditional finance and blockchain innovation.
According to reports, BlackRock’s US dollar Institutional Digital Liquidity Fund manages over $648 million in assets, adding substantial credibility to the stablecoin project.
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