Odaily Planet Daily News 🌟 Securitize proposed to use BlackRock's BUIDL token as backing for the Frax Finance USD stablecoin, quickly gaining approval from the governance department and paving the way for the launch of the frxUSD stablecoin. BUIDL will become the collateral asset for minting and redeeming frxUSD, focusing on investments in cash, U.S. Treasury bills, and repurchase agreements. Frax Finance founder Sam Kazemian stated that frxUSD combines the transparency of blockchain technology with the trust of BlackRock's major government bond products, bringing stability. Bitcoin still holds great potential in such an innovative environment and is worth looking forward to! 🚀