Golden Finance reports that the Frax community has voted to approve the FIP-418 proposal, using BlackRock's BUIDL as collateral backing for the Frax-USD (frxUSD) stablecoin. Frax Finance founder Sam Kazemian stated, 'frxUSD combines the transparency and programmability of blockchain technology with the trust and stability of BlackRock's high-quality treasury products. This collaboration is an important step in connecting traditional finance with decentralized systems.' Earlier news indicated that Securitize proposed adding BlackRock BUIDL as a supporting asset for the stablecoin Frax USD.