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 | +0.03% | +0.06% | +2.78% | 1.19b | ||
| 0 | +0.05% | +4.00% | +35.44% | 741.35m | ||
| 0 | +0.03% | +0.45% | -13.82% | 634.33m | ||
| 0 | +0.03% | +0.16% | +0.39% | 111.05m | ||
| 0 | +0.03% | +0.06% | +0.27% | 26.37m | ||
| 0 | +0.03% | +0.07% | +0.30% | 16.17m | ||
| 0 | +0.03% | +0.07% | -1.54% | 13.48m | ||
| 0 | +0.03% | +0.06% | -65.12% | 8.54m |