Token holders can mint deUSD against BUIDL, BlackRock’s onchain money fund, and swap on Curve, a popular DEX.
Decentralized exchange Curve has joined with blockchain network Elixir to expand access to decentralized finance (DeFi) for BlackRock’s tokenized money market fund, Curve said on Nov. 29.
Token holders will soon be able to mint Elixer’s yield-bearing stablecoin, deUSD, against BlackRock USD Institutional Digital Liquidity Fund (BUIDL), Curve said.
They can then swap deUSD for other DeFi stablecoins — USD Coin (USDC), Tether (USDT), and Frax — on Curve’s liquidity pools.
