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A Century-Long Partnership Between DeFi and Traditional Finance? How Shocking is the Collaboration Between Frax and BlackRock!
Have you ever thought about the global largest asset management company BlackRock partnering with the leading DeFi project Frax Finance? This could be a historic transformation in the stablecoin market! With BlackRock's BUIDL token proposed as a reserve asset for Frax USD, the boundaries between DeFi and traditional finance are gradually dissolving. What opportunities and trends worth our attention are hidden behind this?
BlackRock and Frax: A Strong Alliance of Traditional Finance and DeFi
BlackRock's BUIDL token is its first tokenized fund, and the purpose of this proposal is not only to enhance the stability of Frax USD but also to provide it with strong credit backing. Imagine a financial giant managing $11.5 trillion in assets, directing resources toward the DeFi field! This not only enhances the market credibility of Frax USD but also brings a new development paradigm to the stablecoin market.
BlackRock and Frax: A Strong Alliance of Traditional Finance and DeFi
BlackRock's BUIDL token is its first tokenized fund, and the purpose of this proposal is not only to enhance the stability of Frax USD but also to provide it with strong credit backing. Imagine a financial giant managing $11.5 trillion in assets, directing resources toward the DeFi field! This not only enhances the market credibility of Frax USD but also brings a new development paradigm to the stablecoin market.
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