{"id":816666,"date":"2025-01-03T02:14:15","date_gmt":"2025-01-03T08:14:15","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/03\/frax-partners-with-blackrock-for-stablecoin-collateral\/"},"modified":"2025-01-03T02:14:15","modified_gmt":"2025-01-03T08:14:15","slug":"frax-partners-with-blackrock-for-stablecoin-collateral","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/03\/frax-partners-with-blackrock-for-stablecoin-collateral\/","title":{"rendered":"Frax Partners with BlackRock for Stablecoin Collateral"},"content":{"rendered":"<div id=\"main-content-row\">\n<div>\n<figure><img width=\"1200\" height=\"628\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/10\/11193702\/BlackRock-Hits-11.5-Trillion-Heres-How-They-Did-It.webp\" alt=\"BlackRock Hits $11.5 Trillion: Here\u2019s How They Did It!\" data-main-img=\"1\" decoding=\"async\" fetchpriority=\"high\"  ><\/figure>\n<\/div>\n<div id=\"the-post\">\n<p>The Frax community has approved a proposal to use BlackRock\u2019s Institutional Digital Liquidity Fund (BUIDL) as collateral for its upcoming frxUSD stablecoin. Known as FIP-418, the proposal received unanimous approval during a six-day voting period. BlackRock\u2019s BUIDL fund, which oversees over $648 million in assets, offers yield-generating opportunities for frxUSD holders. This collaboration is a significant milestone for the Frax Protocol, as BlackRock is the world\u2019s largest asset manager, handling over $10.4 trillion in global assets. By leveraging BlackRock\u2019s tokenized fund, the frxUSD stablecoin aims to reduce counterparty risks and ensure a more secure and efficient collateral framework for its users.\u00a0<\/p>\n<\/div>\n<div>\n<h2>We&#8217;d Love to Hear Your Thoughts on This Article!<\/h2>\n<div>\n<h4>Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/coinpedia.org\/crypto-live-news\/frax-partners-with-blackrock-for-stablecoin-collateral\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Mustafa Mulla<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Frax community has approved a proposal to use BlackRock\u2019s Institutional Digital Liquidity Fund (BUIDL) as collateral for its upcoming frxUSD stablecoin. Known as FIP-418, the proposal received unanimous approval during a six-day voting period. BlackRock\u2019s BUIDL fund, which oversees over $648 million in assets, offers yield-generating opportunities for frxUSD holders. This collaboration is a<\/p>\n","protected":false},"author":1,"featured_media":816667,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[164,23745],"tags":[],"class_list":{"0":"post-816666","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blackrock","8":"category-partners"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=816666"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/816667"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=816666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=816666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=816666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}