Deep Tide TechFlow News, on December 27, according to official news, the Frax Finance community's vote on adopting BlackRock's US Dollar Institutional Digital Liquidity Fund LLC (BUIDL) as the reserve asset for the stablecoin Frax USD (frxUSD) has gone live. The proposal will conclude on January 1, 2025, and currently has a support rate of 100%.

According to the voting summary, the benefits of passing the Frax Dollar proposal may include creating yield opportunities, increasing liquidity, providing transfer options, and reducing counterparty risk due to BlackRock's backing.