Stablecoin information
The BlackRock USD Institutional Digital Liquidity Fund is represented by the blockchain-based BUIDL token, is fully backed by cash, U.S. Treasury bills, and repurchase agreements, and will provide yield paid out via blockchain rails every day to token holders, according to a press release.
Category:fiat-backed
Minting and Redemption
BUIDL seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors' wallets as new tokens each month. The Fund invests 100% of its total assets in cash, U.S. Treasury bills, and repurchase agreements, allowing investors to earn yield while holding the token on the blockchain. Investors can transfer their tokens 24/7/365 to other pre-approved investors. Fund participants will also have flexible custody options allowing them to choose how to hold their tokens.
Audits:No
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.87% | -0.83% | -11.06% | 878.66m | ||
| 0.00% | +0.03% | -0.05% | -0.99% | 481.46m | ||
| 0.00% | +0.03% | -6.90% | -6.04% | 421.04m | ||
| 0.00% | +0.03% | +15.73% | +16.02% | 170.01m | ||
| 0.00% | +0.03% | +0.07% | 157.17m | |||
| 0.00% | +0.03% | +0.07% | +0.29% | 26.54m | ||
| 0.00% | +0.03% | +46.78% | +47.11% | 12.61m | ||
| 0.00% | +0.03% | -12.48% | +38.83% | 10.46m |