1 month ago
1 min read
BlackRock’s BUIDL fund now offers conversions to USDC stablecoin, enhancing market liquidity
BlackRock has implemented a novel addition to its BUIDL fund, enabling investors to change their shares into the USDC stablecoin. This enhancement boosts liquidity by utilizing Ethereum’s smart contract technology. This new measure seeks to enhance the efficiency of secondary market transactions. The BUIDL fund offers investors the opportunity to generate profits in U.S. dollars through investments in secure assets such as U.S. Treasury Bills. These assets are represented as digital tokens (ERC-20) on the blockchain. The integration of conventional banking with digital technologies is highly consequential. USDC, which is overseen by Circle, ranks as the second-largest stablecoin worldwide in