Mainstream crypto platforms will accept BlackRock money market fund BUIDL as collateral assets

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ODAILY
06-18
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Planet Daily News: BlackRock's first money market fund issued on a public blockchain, BUIDL (launched in collaboration with tokenization institution Securitize), is about to become an approved staking asset on trading platforms Crypto.com and Deribit. This means that institutions and professional traders can now use interest-bearing, blockchain-native U.S. Treasury token as trading margin. Since BUIDL combines low volatility (current annualized yield around 4.5%) and yield attributes, exchanges can lower minimum staking requirements and release more funds for other investments. (Forbes)

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