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% | +0.03% | +1.53% | +34.00% | 992.89m | ||
| 0.00% | -2.96% | -13.27% | -31.81% | 811.47m | ||
| 0.00% | -0.06% | +0.01% | -11.02% | 564.27m | ||
| 0.00% | +0.03% | +0.10% | +899% | 161.5m | ||
| 0.00% | +0.03% | +0.10% | +22.86% | 136.39m | ||
| 0.00% | +0.03% | +0.09% | +0.27% | 26.43m | ||
| 0.00% | +0.03% | +0.09% | +0.27% | 8.56m | ||
| 0.00% | +0.03% | +53.86% | -44.13% | 7.53m |