Odaily Planet Daily's latest report, BlackRock's USD Institutional Digital Liquidity Fund is partnering with Securitize Markets to submit a governance proposal regarding Frax Finance! 🎉 This proposal aims to reduce the counterparty risk of Frax USD and enhance its security and convenience by collaborating with BlackRock. If the proposal passes, Frax USD will follow the example of other stablecoins by adopting BUIDL tokens as supporting assets. It is worth mentioning that BUIDL currently manages over $530 million in assets, primarily invested in short-term U.S. Treasury bills. Although voting has not yet started, the initial reaction from Frax Finance DAO members to this proposal is positive! 🔍