Frax DAO Overwhelmingly Supports BUIDL as Stablecoin Collateral
The Frax DAO community has shown significant support for a notable motion. Early voting trends indicate near-unanimous approval for using BlackRock’s BUIDL as a reserve asset. This decision reflects the community’s commitment to securing stablecoin functionality and integrating innovative solutions in decentralized finance. As this motion moves forward, it sets a precedence for future decisions within the Frax ecosystem, potentially establishing new standards for collateral usage.
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