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 | +0.01% | -0.02% | +13.78% | 1.158b | ||
| 0 | +0.05% | +18.86% | +2.89% | 654.45m | ||
| 0 | +0.17% | -0.38% | +57.62% | 633.93m | ||
| 0 | +0.01% | +0.07% | +0.21% | 110.73m | ||
| 0 | +0.01% | +0.06% | +0.28% | 26.32m | ||
| 0 | +0.01% | +0.06% | -4.23% | 24.52m | ||
| 0 | +0.01% | +0.07% | +0.30% | 16.14m | ||
| 0 | +0.01% | -1.76% | -3.40% | 13.45m |