Frax Finance is shaking things up by backing its frxUSD stablecoin with BlackRock's BUIDL fund, following a unanimous community vote. đ This move not only minimizes counterparty risk but also opens doors to potential yields for frxUSD holders. With BlackRock's $10.4 trillion assets, it's like having a financial superhero on your side! This trend of yield-bearing stablecoins is gaining traction, promising more rewards for crypto enthusiasts. As traditional finance meets blockchain, it's clear that the future of stablecoins is anything but stableâit's exciting!
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