Market updates
Frax community approves frxUSD stablecoin backed by BlackRock's BUIDL
Pemula
2025-01-03 | 5m
According to RWA.xyz, BlackRock's USD Institutional Digital Liquidity Fund has over $648 million in assets under management.
The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. According to the proposal, which passed unanimously after six days of voting, the tokenized fund provides potential yield-bearing opportunities for frxUSD holders. Counterparty risk is also minimized by collateralizing the stablecoin with a fund from BlackRock, which has over $10.4 trillion in assets under management. The Frax community’s decision to use BUIDL as collateral for the upcoming stablecoin is part of a broader trend to create yield-bearing stablecoins that provide holders with financial rewards.
Source:
CoinTelegraph
Futures Market Updates
BTC's slight upward movement resulted in sustained bullish sentiment.
Bitcoin Futures Updates
Total BTC Open Interest: $58.46B (+0.65%)
BTC Volume (24H): $68.33B (+38.64%)
BTC Liquidations (24H): $14.05M (Long)/$26.58M (Short)
Long/Short Ratio: 50.05%/49.95%
Funding Rate: 0.0104%
Ether Futures Updates
Total ETH Open Interest: $24.35B (+2.89%)
ETH Volume (24H): $26.78B (+38.05%)
ETH Liquidations (24H): $10.64M (Long)/$10.43M (Short)
Long/Short Ratio: 50.11%/49.89%
Funding Rate: 0.0101%
Top 3 OI Surges
ZEREBRO: $14.34M (+143.97%)
FUEL: $6.72M (+119.22%)
MAGIC: $21.57M (+109.16%)
Bagikan
Cara menjual PIBitget listing PI - Beli atau jual PI dengan cepat di Bitget!
Trading sekarangKami menawarkan semua koin favorit kamu!
Beli, hold, dan jual mata uang kripto populer seperti BTC, ETH, SOL, DOGE, SHIB, PEPE, dan masih banyak lagi. Daftar dan lakukan trading untuk mendapatkan paket hadiah pengguna baru senilai 6200 USDT!
Trading sekarang