TechFlow reports that Circle has announced new smart contract functionality enabling holders of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle in exchange for USDC.
This smart contract provides BUIDL investors with an almost instantaneous, round-the-clock exit mechanism, leveraging the core advantages of digital assets: speed, transparency, and efficiency.
Circle's smart contract functionality enables frictionless conversion of BUIDL shares into USDC, offering users a trusted and transparent method to sell their BUIDL shares while still holding digital dollars.
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