TechFlow news, on December 27, according to official information, the Frax Finance community's vote on adopting BlackRock's BUIDL as a reserve asset for the stablecoin Frax USD (frxUSD) has gone live. The proposal will conclude on January 1, 2025, with current support at 100%.
According to the voting summary, potential benefits of passing the Frax Dollar proposal may include creating yield opportunities, enhancing liquidity, providing transfer options, and reducing counterparty risk due to BlackRock's backing.




