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% | -0.60% | -4.44% | -6.38% | 924.57m | ||
| 0.00% | +0.01% | -0.06% | -14.35% | 483.48m | ||
| 0.00% | -0.62% | -0.56% | -51.61% | 440.79m | ||
| 0.00% | -3.08% | -3.02% | -2.80% | 156.89m | ||
| 0.00% | +0.01% | +0.07% | +7.65% | 146.74m | ||
| 0.00% | +0.01% | +0.07% | +0.27% | 26.49m | ||
| 0.00% | +58.26% | +58.35% | +144% | 11.94m | ||
| 0.00% | +0.01% | +0.07% | +0.27% | 8.58m |