The Frax community has approved a proposal to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as collateral for its upcoming frxUSD stablecoin. The proposal, known as FIP-418 ...

The frxUSD stablecoin, a rebranded evolution of Frax’s flagship FRAX stablecoin, offers "direct fiat redemption capabilities and enhanced compliance with U.S. financial. Search.