According to Foresight News, Circle has launched a new smart contract feature. This feature allows shareholders of the BUIDL, the US dollar institutional digital liquidity fund of BlackRock, to transfer their shares to Circle's USDC on the secondary market. The smart contract provides BUIDL investors with an almost instant, round-the-clock withdrawal channel. This development is seen as a significant step towards enhancing the flexibility and efficiency of digital asset transactions.
Circle Introduces New Smart Contract Feature Allowing BUIDL Shareholders To Transfer Shares
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