【BlackRock Announces Collaboration with 'This Shitcoin'】
BlackRock has announced a partnership with Curve (CRV) to delve into the decentralized finance (DeFi) sector through Elixir and Curve Finance, utilizing its $533 million BUIDL fund.
As a leading decentralized exchange for stablecoin trading, Curve Finance has solidified its position as a liquidity hub for the US dollar and other stablecoins. This collaboration allows holders of real-world assets (RWA) to mint up to $1 billion in synthetic US dollars (USD) through Elixir's USD protocol, which is a yield-bearing token that retains the original investment returns.
BlackRock's BUIDL fund and Securitize tokenized funds will also access DeFi through Elixir. This further enhances Curve's dominant position in the stablecoin trading and liquidity market, with its liquidity pool currently around $64 million, accounting for about 60% of total liquidity.
Following the announcement, the price of CRV immediately surged, indicating strong market optimism regarding this collaboration.
