📣 Curve Finance Partners with BlackRock and Elixir
posted 29 Nov 2024
The partnership brings BlackRock’s BUIDL fund onto Curve, leveraging Elixir’s synthetic stablecoin deUSD—a product we’ve previously analyzed on our website.
Elixir’s deUSD is a cutting-edge synthetic stablecoin tailored for liquidity in exchange order books, backed by stETH and U.S. Treasury bonds, with MakerDAO providing the foundational infrastructure.
Recent updates highlight that Curve hosts 60% of deUSD liquidity, totaling $64 million. These funds are pooled alongside major stablecoins like USDC, USDT, DAI, and FRAX.
BlackRock’s BUIDL is a tokenized investment fund designed to bridge traditional financial instruments with blockchain. Built on the infrastructure of SEC-regulated Securitize, it ensures seamless tokenization and asset management.
The investment giant recently expanded BUIDL’s reach, integrating five new blockchains: Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon, in addition to Ethereum.
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