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
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -4.92% | -33.48% | -41.88% | 540.61m | ||
| 0.00% | +0.01% | +0.07% | -13.80% | 416.69m | ||
| 0.00% | -21.17% | -21.13% | -28.60% | 316.68m | ||
| 0.00% | +1.85% | +63.11% | +89.07% | 277.42m | ||
| 0.00% | +0.01% | +0.07% | -2.79% | 157.35m | ||
| 0.00% | +0.01% | +0.07% | +0.28% | 26.57m | ||
| 0.00% | +0.01% | +0.07% | +47.10% | 12.63m | ||
| 0.00% | +0.01% | +0.07% | +38.81% | 10.47m |
