Key Points:
BlackRock is actively pushing its BUIDL token as collateral for trading in cryptocurrency derivatives. The company is in active discussions with major exchanges such as Binance, OKX, and Deribit on integrating the BUIDL token as collateral on their platforms. It’s a US dollar-pegged token collateralized by real-world assets that could disrupt the use of collateral in crypto, according to Bloomberg.
Read more: Ethena Stablecoin UStb Launched With Fully Backed by BUIDL Fun
Backed by BlackRock, Securitize released the BUIDL token on Ethereum is said to maintain a dollar peg via U.S. Treasurys and repo agreements. Early adoption from major crypto brokerages such as FalconX and Hidden Road speak to growing confidence in BUIDL as an attractive collateral option for crypto derivatives that, in turn, further cements its credibility in the market.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Newcastle upon Tyne, United Kingdom, 18th October 2024, Chainwire
Discover why BlockDAG added four more days to its 50% bonus, sparking further interest. Updates…
Discover the top cryptos that could skyrocket in 2025, including EarthMeta, Memereum, JetBolt, and BlockDAG.…
The DBS Token Services platform leverages the bank's Ethereum Virtual Machine-compatible, permissioned blockchain.
EigenLayer X account was hacked on October 18, leading to the posting of a fraudulent…
London, UK, 18th October 2024, Chainwire
This website uses cookies.