BlackRock’s $3 Billion Tokenized Treasury Fund sBUIDL Integrates With Euler on Avalanche Using Securitize sToken and Chainlink

Home News DeFi BlackRock’s $3 Billion Tokenized Treasury Fund sBUIDL Integrates With Euler on Avalanche Using Securitize sToken and Chainlink BlackRock has launched the first direct decentralized finance (DeFi) integration of its nearly $3 billion tokenized Treasury fund, sBUIDL, with Euler Finance on the Avalanche blockchain network. The sBUIDL token, issued by Securitize using its sToken vault technology, is now available as on-chain collateral for lending and borrowing on Euler. This integration enables the previously restricted BUIDL fund, which is an ERC-20 standard token, to be used within DeFi protocols. The move marks a notable step in the composability of traditional finance and DeFi. The sBUIDL tokens on Euler are secured by Chainlink data feeds, ensuring reliable pricing and security for users. The integration was curated by Re7Labs on the Avalanche network, with expectations that other DeFi platforms like Aave may follow suit in accepting sBUIDL tokens for lending and borrowing. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . Our articles are stored on Filecoin. Related Posts MoonPay Partners with Mastercard on USDT Stablecoin Card Acurast Launches Community Token Sale on CoinList Crypto Market Dips as Fed Remarks Spark Volatility Advertisement Get an edge in Crypto with our free daily newsletter Know what matters in Crypto and Web3 with The Defiant Daily newsletter, Mon to Fri 90k+ Defiers informed every day. Unsubscribe anytime.