🚀 Latest crypto news: Securitize proposes using BlackRock's BUIDL as collateral for the Frax USD stablecoin. BUIDL offers profit opportunities and reduces risk thanks to support from BlackRock. This proposal requires community approval before implementation.

- Tokenized real-world assets (RWA) are becoming popular in supporting stablecoins due to cost efficiency and high profit opportunities.

- Ethena Labs launches the USDtb stablecoin, collateralized by BUIDL, with a total value locked (TVL) of 65 million USD on its first trading day.

- BlackRock is negotiating with Binance, OKX, and Deribit to integrate BUIDL as collateral on derivatives exchanges.

What do you think about BUIDL challenging major stablecoins like Tether and Circle? Share your thoughts! 💬