Frax Finance Eyes BlackRock’s BUIDL Token to Back New frxUSD Stablecoin
Frax Finance may integrate BlackRock’s BUIDL token to enhance frxUSD’s stability, reducing counterparty risks. Frax Finance members support using BUIDL as a reserve for frxUSD, blending TradFi and DeFi for the future of finance. Competing proposals, like Superstate’s, aim to back frxUSD with high-quality assets, boosting its stability and growth potential. Frax Finance, the decentralized…