BlockBeats Latest News, on December 23, Securitize, the brokerage dealer for BlackRock's BUIDL tokenized money market fund, submitted an intriguing governance proposal to include BUIDL tokens as reserve assets for the upcoming relaunch of the Frax USD stablecoin. 🤔

This proposal is not only aimed at increasing the utility and convenience of Frax USD, but more importantly, it hopes to significantly reduce the counterparty risk of Frax USD reserves through collaboration with BlackRock. This means that Frax USD may follow the lead of other stablecoins, such as Ethena's USDtb, in adopting BUIDL tokens as its supporting assets.

The BUIDL tokens currently manage over $530 million in assets, most of which are short-term U.S. Treasury bills. This background provides a relatively secure reserve option for Frax USD, making it more competitive in the market.

For participants in the cryptocurrency market, this is undoubtedly a trend worth paying attention to. What impact do you think including BUIDL tokens in Frax USD's reserve assets will have on the market? Feel free to share your thoughts in the comments and discuss this interesting topic with us!