Curve, a leading decentralized exchange, has partnered with blockchain network Elixir to enhance DeFi access for BlackRock’s tokenized money market fund. This collaboration allows token holders to mint Elixir’s yield-bearing stablecoin, deUSD, against BlackRock's USD Institutional Digital Liquidity Fund (BUIDL). Users can then trade deUSD for other stablecoins like USDC and USDT on Curve's platform. Curve currently hosts the majority of deUSD trading, with $64 million in liquidity. Liquidity providers can earn rewards, with some deUSD stakers seeing APRs up to 40%. As of Nov. 29, Curve holds nearly $2 billion in total value locked.
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