Odaily Planet Daily News: The Frax community has voted to approve the FIP-418 proposal to use BlackRock's BUIDL as the supporting collateral for the Frax-USD (frxUSD) stablecoin. Sam Kazemian, founder of Frax Finance, said: "frxUSD combines the transparency and programmability of blockchain technology with the trust and stability of BlackRock's high-quality treasury products. This cooperation is an important step in connecting traditional finance with decentralized systems." Earlier news, Securitize proposed to add BlackRock BUIDL as a supporting asset for the stablecoin Frax USD. (Cointelegraph)