BlockBeats news, on May 16, according to The Block, BlackRock's nearly $3 billion tokenized treasury fund BUIDL announced the launch of the 'first direct DeFi protocol integration' with the Euler protocol on Avalanche. This collaboration is based on the sToken framework developed by Securitize, allowing sBUIDL (the composable ERC-20 token of BUIDL) to expand its on-chain application scenarios while maintaining redeemability. Through the integration solution developed by Re7 Labs, users can now use sBUIDL as collateral to borrow USDC or AUSD on Euler, and receive AVAX rewards as well as the base yield from the BUIDL fund. BUIDL is currently the world's largest tokenized treasury fund, holding approximately $3 billion in short-term treasury bills and repurchase agreements.

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