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% | -0.53% | +11.43% | 987.88m | ||
| 0.00% | <0.0001% | -1.46% | -13.76% | 486.29m | ||
| 0.00% | >-0.0001% | -5.62% | -55.33% | 448.08m | ||
| 0.00% | >-0.0001% | +0.07% | +7.62% | 146.54m | ||
| 0.00% | >-0.0001% | +0.06% | +0.25% | 26.46m | ||
| 0.00% | >-0.0001% | +0.06% | +0.25% | 8.57m | ||
| 0.00% | >-0.0001% | +0.07% | -4.47% | 7.54m | ||
| -100.00% | -100.00% | 0 |