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% | +0.01% | +1.50% | +34.02% | 992.6m | ||
| 0.00% | -2.89% | -10.62% | -29.71% | 836.23m | ||
| 0.00% | +0.01% | +0.07% | -10.61% | 564.61m | ||
| 0.00% | +0.01% | +0.07% | +899% | 161.45m | ||
| 0.00% | +0.01% | +0.07% | +22.85% | 136.35m | ||
| 0.00% | +0.01% | +0.06% | +0.26% | 26.43m | ||
| 0.00% | +0.01% | +0.06% | +0.26% | 8.56m | ||
| 0.00% | +66.30% | +53.82% | -44.14% | 7.53m |