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Frax Protocol will utilize BlackRock's BUIDL fund to support frxUSD Stable Coin
PANews January 3rd news, according to Beincrypto, Frax protocol will use BlackRock's BUIDL fund as the collateral asset for its upcoming frxUSD stablecoin through a community proposal. The BUIDL fund currently manages assets exceeding $648 million and has expanded to multiple mainstream blockchains such as Aptos and Polygon.