The Frax community unanimously approved a proposal (FIP-418) to use BlackRock’s US Dollar Institutional Digital Liquidity Fund (BUIDL) to support the Frax-USD (frxUSD) stablecoin. This tokenized fund offers yield opportunities to frxUSD holders. Counterparty risk is minimized thanks to BlackRock’s $10.4 trillion in assets under management. Frax Finance founder Sam Kazemian said that this collaboration is an important step in bridging the gap between traditional finance and decentralized systems. What are your thoughts on this trend? Share in the comments.