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CryptoIntelligence 2024-04-14 19:55:38

Circle Partners with BlackRock to Enable USDC Transfers for Digital Liquidity Fund Shares

Circle, the issuer of the widely used stablecoin USDC, has recently introduced a feature enabling the transfer of shares from the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) into USDC. This development was officially announced on April 11, highlighting a new smart contract functionality designed to facilitate these transactions. This smart contract capability allows for the seamless exchange of BUIDL shares for USDC directly on the secondary market. The company promises a “near-instant” process for converting BUIDL into USDC, making this service available to investors around the clock. BUIDL, which launched in March 2024, is a pioneering tokenized fund by

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