Vote to use BlackRock’s BUIDL as backing asset for Frax stablecoin goes live
Voting on the proposal is open from Dec. 27 until Jan. 1, with all votes that have been cast so far in favor of the proposal.
The Frax Finance community vote to adopt BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as a reserve asset for the proposed stablecoin Frax USD (frxUSD) has gone live.
Opened on Dec. 26, votes cast by the decentralized finance (DeFi) lending protocol tokenholders (FXS) have so far all been in favor of the proposal. All of the comments in the discussion are also in favor. The vote will remain open until Jan. 1, 2025.
Source: Frax Finance
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Author: Stephen Katte
