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% | <0.0001% | -4.88% | -10.84% | 885.61m | ||
| 0.00% | >-0.0001% | -0.40% | -14.68% | 481.57m | ||
| 0.00% | <0.0001% | +3.74% | -5.16% | 452.09m | ||
| 0.00% | <0.0001% | +0.07% | -2.80% | 157.01m | ||
| 0.00% | <0.0001% | +0.07% | +0.30% | 146.86m | ||
| 0.00% | <0.0001% | +0.07% | +0.27% | 26.51m | ||
| 0.00% | >-0.0001% | +0.07% | +58.71% | 11.95m | ||
| 0.00% | <0.0001% | +0.07% | +0.27% | 8.59m |