Securitize Proposes BUIDL Token as Collateral for Frax USD Stablecoin

Securitize, the brokerage behind the tokenized BlackRock US Dollar Institutional Digital Liquidity Fund (BUIDL), has proposed adding BUIDL as collateral for the Frax USD stablecoin. The proposal, submitted as a Frax Improvement Proposal (FIP), highlights the advantages of leveraging BUIDL,…