BUIDL Tokens to Be Used As Collateral in Crypto Trading

Todayq News · 2024-10-19T07:23:00.000Z

It is speculated that BUIDL will be a strong competitor in the market in the near future because of its liquidity and stability. BUIDL works differently from any other stablecoin available in the market as it pays interest to the holders. Komainu, a digital asset custody solution provider, commented that clients who will be investing in BUIDL will also get the opportunity to trade through Hidden Road. BlackRock Inc., an American asset management company is planning to introduce its digital coin known as BUIDL, to be used as security for crypto derivatives trading. Bloomberg, a prestigious media outlet, has reported that the firm is exchanging its views with big players in the industry such as Binance, OKX and Deribit over the implementation of BUIDL tokens in trades. Primarily, BUIDL is intended towards institutional investors, and the investment will not be exceeding over $5 million. The main and initial focus of the investment will be safe assets such as Treasury bills and cash of the United States, which will help the token to conserve its value. Dune Analytics, a blockchain and crypto data tools research platform has reported that the overall market circulation of token is about $557 million, and the management fee charged by them is 0.5%. Some platforms have accepted the token as collateral Digital assets brokerage firms such as FalconX along with Hidden Road have so far accepted BUIDL as a collateral. It is speculated that BUIDL will be a strong competitor in the market in the near future because of its liquidity and stability. On October 17, Komainu, a digital asset custody solution provider, commented that clients who will be investing in BUIDL will also get the opportunity to trade through Hidden Road and the token can be used as a collateral. If platforms like Binance and Deribit get ready to accept the token then undoubtedly a great evolution of the token in the market can be witnessed. At the same time, the chief executive officer of Deribit, Lukk Strijers has commented on this matter that before accepting the token as a collateral, they will review the working mechanism of BUIDL to its depth and also they need to get a regulatory approval. The most widely used stablecoin in the current scenario is USDT from Tether and it holds a market value estimated at about $120 billion. Last month, the derivatives recorded over 70% of overall crypto trading volume, as per a trustworthy crypto data provider. In that same month, an average estimation of about US $3 trillion worth of derivatives contracts were traded on centralized exchanges only. The data is 50% low from the time when Bitcoin attained its all time high in March 2024. Working Mechanism of the Token BUIDL works differently from any other stablecoin available in the market as it pays interest to the holders. This may lead many crypto traders to get lured at this state and eventually push them to trade the token. At the same time, the asset management company has its future plans to give a tough competition to Tether USDT for the position. As per the official website of BlackRock it claims itself to be one of the leading providers of investment, advisory and risk management solutions globally

預計BUIDL將在不久的將來成爲市場上的強大競爭對手，因爲它具有流動性和穩定性。
BUIDL 的工作方式與市場上任何其他穩定幣不同，因爲它向持有者支付利息。
數字資產託管解決方案提供商 Komainu 評論說，投資 BUIDL 的客戶也將有機會通過 Hidden Road 進行交易。
美國資產管理公司貝萊德（BlackRock Inc.）計劃推出名爲 BUIDL 的數字貨幣，作爲加密衍生品交易的擔保。
知名媒體彭博社報道稱，該公司正在與幣安、OKX 和 Deribit 等業內巨頭就 BUIDL 代幣在交易中的實施交換意見。
BUIDL 主要面向機構投資者，投資額不會超過 500 萬美元。投資的主要和初始重點將是安全資產，例如美國國庫券和現金，這將有助於代幣保值。
區塊鏈和加密數據工具研究平臺Dune Analytics報告稱，代幣的整體市場流通量約爲5.57億美元，其收取的管理費爲0.5%。
一些平臺已經接受代幣作爲抵押品
目前，FalconX 和 Hidden Road 等數字資產經紀公司已接受 BUIDL 作爲抵押品。據推測，由於其流動性和穩定性，BUIDL 將在不久的將來成爲市場上的強大競爭對手。
10 月 17 日，數字資產託管解決方案提供商 Komainu 評論稱，投資 BUIDL 的客戶也將有機會通過 Hidden Road 進行交易，並且代幣可用作抵押品。
如果像Binance和Deribit這樣的平臺準備接受代幣，那麼毫無疑問我們將看到市場上代幣的巨大發展。
同時，Deribit首席執行官Lukk Strijers對此事表示，在接受該代幣作爲抵押品之前，他們將深入審查BUIDL的工作機制，同時還需要獲得監管部門的批准。
目前使用最廣泛的穩定幣是 Tether 的 USDT，其市值估計約爲 1200 億美元。
根據一家值得信賴的加密數據提供商的數據，上個月，衍生品佔整體加密交易量的 70% 以上。同月，僅在中心化交易所交易的衍生品合約平均價值約 3 萬億美元。該數據比 2024 年 3 月比特幣創下歷史新高時低了 50%。
代幣的工作機制
BUIDL 的工作方式與市場上任何其他穩定幣不同，因爲它向持有者支付利息。這可能會導致許多加密貨幣交易者被這種狀態所吸引，並最終促使他們交易代幣。與此同時，該資產管理公司有未來計劃與 Tether USDT 展開激烈競爭。
根據貝萊德的官方網站，該公司聲稱自己是全球領先的投資、諮詢和風險管理解決方案提供商之一

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