According to the announcement, the giant investment company BlackRock with Curve (CRV) The altcoin named announced that they have established a partnership.
Accordingly, BlackRock’s $533 million BUIDL fund will be involved in decentralized finance (DeFi) through Elixir and Curve Finance.
“Curve Finance, the leading decentralized exchange for stablecoin trading, continues to strengthen its position as the primary liquidity hub for deUSD and other stablecoins.
BlackRock’s $533 million BUIDL fund, along with other institutional funds tokenized by Securitize, will soon have access to DeFi via Elixir’s deUSD protocol.
This collaboration unlocks tremendous potential: institutional real-world asset (RWA) holders of up to $1 billion can now mint deUSD, a yield-generating synthetic dollar. At this point, BUIDL token holders can now mint USD while preserving their original investment returns.”
Curve currently hosts the majority of deUSD trading and liquidity, with $64 million (approximately 60% of total liquidity) currently in Curve pools.
There was an increase in the price of CRV after the news.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/blackrock-ile-binancete-listeli-bu-altcoin-ortaklik-kurduklarini-duyurdu/
