BlackRock to integrate BUIDL fund as collateral for Binance, OKX, and Deribit

Key Takeaways

BUIDL token by BlackRock aims to simplify crypto derivatives trading by serving as a new form of collateral.
BUIDL’s adoption by major exchanges could challenge the dominance of traditional stablecoins like USDT.

BlackRock is advancing into the crypto derivatives market by integrating its tokenized money-market fund, BUIDL, as collateral for crypto trades, according to a report by Bloomberg.

The asset management giant is in discussions with major crypto exchanges, including Binance, OKX, and Deribit, aiming to expand BUIDL’s use in derivatives.

Already accepted by prime brokers FalconX and Hidden Road, BUIDL’s adoption could challenge dominant stablecoins like USDT and USDC in collateral markets.

With a minimum investment of $5 million, BlackRock’s BUIDL token is designed for institutional investors. By having it accepted as collateral, BlackRock aims to provide a highly liquid and secure alternative for derivatives traders.

This could shake up the current dominance of USDT, which holds a market value of $120 billion and is the most commonly used collateral in crypto derivatives.

BlackRock launched its BUIDL token in March 2024 as part of its USD Institutional Digital Liquidity Fund. The token is a blockchain-based representation of a traditional money-market fund that invests in assets like US Treasury bills and repurchase agreements.

BUIDL distinguishes itself from other stablecoins by offering interest to holders, making it an attractive option for institutional investors seeking both yield and security.

If exchanges like Binance, OKX, and Deribit integrate BUIDL, the token could become a standard for institutional collateral, providing a regulated, yield-bearing alternative to existing stablecoins.

In addition to its focus on BUIDL, BlackRock has been actively leading the Bitcoin ETF space. Since the start of October alone, BlackRock has acquired over $2.2 billion worth of Bitcoin, accounting for 8% of their total Bitcoin holdings.

This aggressive move into Bitcoin underscores BlackRock’s confidence in the asset and further solidifies its presence in the growing crypto markets.

BlackRock’s leadership in acquiring Bitcoin spot ETFs is set to expand their influence across both spot and derivatives markets. The integration of BUIDL as collateral for derivatives trades could complement their Bitcoin strategy, allowing for a diversified presence across crypto markets.

#BlackRock #integrate #BUIDL #fund #collateral #Binance #OKX #Deribit

News plays a pivotal role in our lives by keeping us informed and connected to the world. It serves as a critical source of information, offering updates on current events, politics, economics, science, and more. Through news, we gain awareness of global issues and local developments, helping us make informed decisions in our personal and professional lives. News also fosters discussion and debate, encouraging critical thinking and perspective-taking. Moreover, it promotes transparency and accountability among governments, businesses, and other institutions. In a rapidly changing world, staying updated with the news enables us to adapt to new challenges and opportunities, shaping our understanding of the complexities of society. Ultimately, news is not just about information; it empowers us to participate actively in the world around us, contributing to a more informed, engaged, and responsible global citizenry.

Health is fundamental to our well-being and quality of life, making it an essential aspect of daily existence. It encompasses physical, mental, and emotional aspects, influencing our ability to function effectively and enjoy life fully. Prioritizing health allows individuals to maintain optimal physical fitness, reducing the risk of diseases and promoting longevity. Mental health, equally crucial, affects our cognitive abilities, emotional stability, and overall happiness. Investing in preventive healthcare through exercise, balanced nutrition, and regular medical check-ups helps in early detection of potential health issues, ensuring timely intervention and treatment. Beyond individual benefits, a population’s health impacts societal productivity and economic stability. Governments and organizations worldwide emphasize public health initiatives to address pandemics, health disparities, and promote overall well-being. Ultimately, health serves as the foundation upon which we build our lives, influencing our ability to pursue goals, nurture relationships, and contribute meaningfully to society.

Money plays a crucial role in our lives as a means of financial security and freedom. It enables us to meet basic needs such as food, shelter, and healthcare, while also providing opportunities for education, travel, and personal growth. Beyond material comforts, money facilitates social connections and experiences that enrich our lives. It empowers individuals to invest in their futures, whether through savings, investments, or entrepreneurial ventures, thereby fostering economic stability and growth. However, the pursuit of wealth should also be balanced with ethical considerations, as money can influence relationships and societal dynamics. Responsible management of finances is key to achieving long-term goals and mitigating financial stress. Ultimately, while money is a tool for achieving aspirations and fulfilling desires, its true value lies in how it is utilized to improve both personal well-being and the broader community.

Earning Easy Money in 2024: Opportunities and Considerations 💸

In 2024, the landscape of earning easy money presents diverse opportunities, albeit with considerations. The digital age offers platforms for freelancing, online trading, and e-commerce, allowing individuals to leverage skills and creativity for financial gain. Cryptocurrency investments continue to allure with potential for quick profits, yet they entail high volatility and risk. Moreover, the rise of the gig economy enables flexible work arrangements through apps and websites, offering quick payouts but often without job security or benefits. Passive income streams such as rental properties and investments in stocks or bonds remain viable, but demand initial capital and ongoing management. Amid these options, caution is essential to avoid scams and unsustainable ventures promising overnight success. Ultimately, while the allure of easy money persists, informed decisions, diligence, and a long-term perspective are crucial for sustainable financial growth and security in the dynamic year ahead.