Frax Finance Eyes Blackrock’s BUIDL Token as Next-Gen Reserve Asset

Frax Finance, the issuer of the stablecoin frax usd (FRAX), which presently holds the ninth spot among fiat-pegged tokens by marketplace capitalization, is weighing the summation of Blackrock’s BUIDL token arsenic a reserve backing asset. A governance vote, scheduled to wrapper up connected Dec. 31, 2024, volition determine the proposal’s fate. FIP-418: Frax Finance Weighs […]