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% | +10.31% | +37.30% | 977.9m | ||
| 0.00% | >-0.0001% | -6.71% | -21.33% | 935.63m | ||
| 0.00% | >-0.0001% | +0.07% | -10.63% | 564.23m | ||
| 0.00% | >-0.0001% | +0.07% | +898% | 161.34m | ||
| 0.00% | <0.0001% | +0.07% | +22.93% | 136.26m | ||
| 0.00% | >-0.0001% | +0.06% | +0.24% | 26.41m | ||
| 0.00% | >-0.0001% | +0.06% | +0.24% | 8.56m | ||
| 0.00% | >-0.0001% | -37.98% | -63.67% | 4.89m |