The post Exploring deUSD Minting and Liquidity Options for BlackRock’s BUIDL on Curve’s Decentralized Exchange appeared on BitcoinEthereumNews.com.

BlackRock’s recent partnership with Curve highlights a significant development in decentralized finance, allowing token holders to mint deUSD against its money market fund. This collaboration expands the reach of institutional investment in DeFi, enabling users to leverage yield-bearing stablecoins for greater liquidity. “Up to $1B in institutional real-world assets (RWAs) can now mint deUSD,” emphasized Curve, showcasing the growing interest in innovative financial solutions. Explore how BlackRock’s collaboration with Curve paves the way for innovative DeFi solutions, enabling institutional investments in tokenized money markets. BlackRock Partners with Curve to Enhance DeFi Accessibility In a groundbreaking move for decentralized finance (DeFi), BlackRock has partnered with Curve Finance to facilitate the minting of deUSD, a new yield-bearing stablecoin. This partnership makes it possible for institutional clients to leverage their holdings in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) for DeFi activities. By integrating this function into Curve, BlackRock aims to tap into the vast potential of DeFi while offering token holders a platform to exchange deUSD for other stablecoins, like USD Coin (USDC) and Tether (USDT), within Curve’s established liquidity pools. The Advantages of Minting deUSD in a Booming Market The introduction of deUSD provides several benefits to users and liquidity providers alike. Users can now mint a synthetic dollar against their investments in BUIDL, which is primarily composed of low-risk U.S. Treasury bills. Moreover, as liquidity providers engage with the Curve pools, they can earn rewarding returns, with some stakers enjoying annualized percentage rates (APRs) of up to 40%. This offering presents an attractive opportunity for both retail and institutional investors looking to optimize their asset performance within a secure framework, particularly during times of market volatility. Exploring BUIDL: BlackRock’s Tokenized Money Market Fund Tokenized by Securitize, BUIDL has emerged as a leader in the realm of tokenized money market…

---

Filed under: News - @ November 29, 2024 11:23 pm