Binance Adds BlackRock’s $2.5B BUIDL as Collateral for Crypto Trading 

• Binance to add BlackRock’s BUIDL stablecoin as collateral for crypto trading.
• The BUIDL token has grown to a market cap of $2.5 billion due to its reliable yield.
• The collaboration between BlackRock and Binance is a classic mainstream adoption of blockchain and crypto by TradFi.

Binance exchange will accept BlackRock-backed BlackRock USD Institutional Digital Liquidity Fund (BUIDL) as trading collateral. The leading cryptocurrency exchange by globally registered users daily trading volume, will add support for BUIDL stablecoin as collateral for crypto trading to its millions of users.

Binance Increases Ties with Institutional Investors Via BlackRock’s BUIDL

According to Catherine Chen, Binance’s Head of VIP and institutional adoption, the integration of the BlackRock-backed BUILD reaffirms its commitment to increasing ties with traditional financial (TradF…

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