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 | -4.66% | -14.22% | -11.80% | 1.021b | ||
| 0 | +5.75% | +18.20% | +34.04% | 876.38m | ||
| 0 | +0.01% | -10.97% | -10.94% | 564.79m | ||
| 0 | +896% | +896% | +899% | 161.19m | ||
| 0 | +0.01% | +4.57% | +4.92% | 116.13m | ||
| 0 | +0.01% | +0.06% | +0.28% | 26.39m | ||
| 0 | +0.01% | +0.06% | -65.11% | 8.55m | ||
| 0 | +0.01% | -37.05% | -36.90% | 8.49m |