Following the recent approval by the Frax Finance (FXS) community of a governance proposal to 'add BlackRock's U.S. Treasury bond tokenization fund BUIDL as collateral for frxUSD'," Carlos Domingo, CEO of Securitize, the real-world asset tokenization, and security token platform that originated the proposal, said, "The addition of BUIDL as collateral for frxUSD has the potential to enhance frxUSD's utility, stability, and convenience. It also significantly reduces counterparty risk for frxUSD reserves." Domingo added, "frxUSD joins ENA's USDtb as the second stablecoin to support BUIDL tokens as collateral. BUIDL currently has over $530 million in assets under management, the vast majority of which are short-term U.S. Treasurys. BUIDL and frxUSD are now live with 1:1 minting and redemption."