BUIDL, BlackRock’s tokenized US Treasury fund, is now accepted as collateral for stablecoins issued on the M0 platform, the teams revealed on Thursday, December 4.
The update gives M0 issuers access to the largest tokenized Treasury fund to support their stablecoins. BUIDL has total assets of more than $2 billion, down about 30% in the past month, even as the fund’s price remained steady at $1. At the same time, the number of holders grew by more than 3%, according to RWAxyz.
This move underlines a broader push to make stablecoins more secure, give issuers more flexibility and increase on-chain liquidity. This is because the stablecoin sector has grown rapidly, with its market capitalization increasing from $199 billion to almost $308 billion over the past year, according to DeFiLlama.
“The board has voted to accept BUIDL… as eligible collateral for stablecoins built on M0,” the M0 team wrote in a post on
Last month, BUIDL, a tokenized by Securitize, also launched on BNB Chain and became available as collateral for trading on Binance, the world’s largest centralized exchange (CEX). The expansion made the fund more accessible to users and integrated it with Binance Smart Chain (BSC), which has a total value of more than $7.3 billion, according to DeFiLlama.
BUIDL also supports multiple blockchain networks such as Ethereum, Solana, Polygon, Arbitrum, Optimism, Aptos and Avalanche.
This series of integrations comes after a year of strong growth for the real-world asset (RWA) sector, which now has a distributed asset value of $18.2 billion – up 215% since the start of the year.