Frax Finance is looking to integrate BlackRock's BUIDL token as a reserve asset for its relaunched stablecoin, Frax USD. The proposal, authored by Securitize Markets, aims to enhance the utility and safety of Frax USD while reducing counterparty risk. If approved, Frax USD would join other stablecoins by utilizing the BUIDL token as a backing asset. Early reactions from Frax Finance DAO members have been positive. The proposal comes as Frax plans to rename its stablecoin to Frax USD and introduce Staked Frax USD as a yield counterpart.



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