BlackRock is in talks with major exchanges like Binance, OKX, and Deribit to use the BUIDL token as collateral for crypto derivatives trading. 💼

BUIDL is aimed at institutional investors and requires a minimum investment of $5 million. Unlike USDT, BUIDL pays interest, which could be attractive to derivatives traders.

Can BlackRock challenge USDT’s dominance with BUIDL? We’ll see!