🚀Odaily Planet Daily News: Securitize proposed to use BlackRock's BUIDL token as collateral for Frax Finance's frxUSD stablecoin, which has been quickly approved! This means the launch of frxUSD is one step closer. BUIDL will become the custodial asset for frxUSD, focusing on cash, U.S. Treasury bills, and repurchase agreements. Frax Finance founder Sam Kazemian stated that this will combine the transparency of blockchain with the trust of BlackRock. What do you think? Feel free to share your thoughts in the comments! 💬