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QCP Capital Pioneers First BUIDL-Collateralized Trade

QCP Capital Pioneers First BUIDL-Collateralized TradeQCP Capital has executed the first derivatives trade using Blackrock’s BUIDL tokenized fund as collateral, marking a milestone in the integration of blockchain technology into institutional finance. QCP Capital Breaks Ground With BUIDL-Backed Derivatives QCP Capital, a subsidiary of QCP Group, has conducted the first derivatives trade collateralized by Blackrock’s BUIDL tokenized fund, in collaboration […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Securitize proposes BlackRock BUIDL fund as collateral for Frax USD

According to RWA.XYZ, BlackRock's US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.

Securitize, the brokerage firm for the tokenized BlackRock US dollar Institutional Digital Liquidity Fund (BUIDL), has submitted a Frax improvement proposal to add BUIDL as backing collateral for the Frax USD stablecoin.

According to the improvement proposal, using BUIDL as a collateral reserve asset provides yield opportunities, deeper liquidity and transfer options, and reduced counter-party risk due to the backing of the world's largest asset manager, BlackRock.

The proposal is still subject to a community vote before BUIDL — which invests in United States government securities — is added as a reserve asset for the proposed Frax USD stablecoin.

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Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Arthur Hayes-Backed Ethena Labs Launches New Stablecoin Backed by BlackRock’s BUIDL

Arthur Hayes-Backed Ethena Labs Launches New Stablecoin Backed by BlackRock’s BUIDL

Ethena Labs is announcing the launch of a new US dollar-pegged stablecoin that will be backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). According to a new announcement from the Arthur Hayes-backed crypto protocol, the new stablecoin, USDtb, will be Ethena’s second stablecoin offering, following the project’s flagship stablecoin USDe. USDtb differs from other […]

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Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

BlackRock Announces BUIDL Expansion Across Aptos, Arbitrum, Avalanche, Optimism and Polygon

BlackRock Announces BUIDL Expansion Across Aptos, Arbitrum, Avalanche, Optimism and Polygon

Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company’s on-chain money market fund, across five new blockchains. According to an announcement by real-world asset tokenizing firm Securitize, BlackRock’s brokerage partner, BUIDL will be expanding to layer-1 blockchains Aptos (APT) and Avalanche (AVAX) as well as layer-2 scaling solutions Arbitrum (ARB), […]

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Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is exploring the idea of utilizing BUIDL – the crypto asset related […]

The post BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report appeared first on The Daily Hodl.

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Blackrock Targets $3 Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token

Blackrock Targets  Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing TokenBlackrock, the world’s largest asset manager, is reportedly seeking to disrupt the $3 trillion crypto derivatives market by pushing to have its BUIDL token accepted as collateral. Discussions are ongoing with major exchanges like Binance and Deribit. The token’s interest-paying structure could appeal to institutional investors seeking alternative collateral options in the growing derivatives sector. […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Institutional Investors Predict Surge in Digital Asset Fund Launches, Research Finds

Institutional Investors Predict Surge in Digital Asset Fund Launches, Research FindsInstitutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Blackrock Amasses $24 Billion in Bitcoin, Approaches 2% of Total Supply

Blackrock Amasses  Billion in Bitcoin, Approaches 2% of Total SupplyFrom Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin’s total supply. A Look at How Blackrock Quickly Accumulated Billions […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Ethena to launch new stablecoin backed by BlackRock’s BUIDL

Ethena’s synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.

Ethena Labs, developer of the decentralized stablecoin protocol Ethena, is working on a new stablecoin backed by a tokenized fund from BlackRock.

Ethena Labs took to X on Sept. 26 to announce its new stablecoin project, UStb (USTB), which will be built in partnership with major Bitcoin investor (BTC) BlackRock and the digital securities platform Securitize.

The stablecoin will be backed by BlackRock’s tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which offers a stable value of $1 per token.

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Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Analytics Firm Issues Warning on ONDO, Says Fed Rate Policy Present Headwinds – Here’s Why

Analytics Firm Issues Warning on ONDO, Says Fed Rate Policy Present Headwinds – Here’s Why

Crypto market data analytics firm Kaiko Research is warning that one real-world asset (RWA) project could remain bearish for two main reasons. In a new report, Kaiko Research says that Ondo Finance (ONDO) is losing momentum after the hype around RWA projects has died down. The firm also warns that expected Fed interest rate cuts […]

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Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage