Circle, the US company behind the popular stablecoin USDC, has deployed new smart contract functionality that enables BlackRock USD Institutional Digital Liquidity Fund (BUIDL) holders to transfer their shares to Circle in exchange for USDC almost instantly. The announcement came through a press release on Thursday.

The latest move follows BlackRock’s launch of BUIDL on the Ethereum blockchain last month. Developed in collaboration with Securitize, a frontrunner in the tokenization of real-world assets, the fund aims to provide qualified investors with a novel method to earn US dollar yields by subscribing through Securitize Markets, LLC.

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Author: Vivian Nguyen

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