Frax Finance Eyes Blackrock’s BUIDL Token as Next-Gen Reserve Asset

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Frax Finance, the issuer of the stablecoin frax usd (FRAX), which at present holds the ninth spot amongst fiat-pegged tokens by market capitalization, is weighing the addition of Blackrock’s BUIDL token as a reserve backing asset. A governance vote, scheduled to wrap up on Dec. 31, 2024, will resolve the proposal’s destiny. FIP-418: Frax Finance Weighs […]

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