<ul><li>Frax Finance has launched a stablecoin backed by BlackRock's tokenized fund.</li><li>The stablecoin, called frxUSD, is the first to offer fiat on/off-ramping capabilities via BlackRock's BUIDL infrastructure.</li><li>This collaboration between traditional finance and blockchain technology showcases the integration of the two systems.</li><li>The use of stablecoins and digital fungible collateral is expected to transform capital markets.</li></ul>

BlackRock’s Tokenized Fund Used to Back New Stablecoin

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