Voting on the proposal to adopt BlackRock's USD Institutional Digital Liquidity Fund Ltd (BUIDL) as a reserve asset for the Frax USD (frxUSD) stablecoin is currently open from Dec. 27 to Jan. 1. As of now, all votes cast favor the proposal, which aims to enhance yield opportunities, deepen liquidity, and mitigate counter-party risks through BlackRock's backing. This initiative marks a significant step in bridging traditional finance with decentralized finance (DeFi). A notable advocate, using the handle achaffee, highlighted that tokenized real-world assets can effectively connect these two financial sectors. In a separate development, Ethena Labs is also exploring a BUIDL-backed stablecoin, USDtb, which has recently launched and drawn $89 million in total value locked. The broader trend includes DAOs and DeFi protocols seeking ways to bolster their treasuries through tokenized assets, indicating an evolution in financial resource management within decentralized platforms.

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