CoinWorld news, decentralized exchange Curve announced on November 29th that it has partnered with the blockchain network Elixir to bring BlackRock's tokenized money market fund into decentralized finance (DeFi). According to Curve's statement, token holders will soon be able to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as collateral to mint Elixir's yield-bearing stablecoin deUSD. Subsequently, these users can exchange deUSD for other DeFi stablecoins such as USD Coin (USDC), Tether (USDT), and Frax in Curve's liquidity pools. Curve stated, "Up to $1 billion of institutional real-world assets (RWA) are now available to mint deUSD, which is a yield-bearing synthetic dollar." According to the announcement, Curve has now become the primary platform for trading and liquidity of deUSD, holding approximately $64 million in its liquidity pools, accounting for about 60% of total liquidity. Meanwhile, liquidity providers (LP) can earn rewards by providing liquidity to these pools. According to Elixir's official website, the annual percentage rate (APR) for some deUSD stakers can be as high as 40%.
