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Circle deploys a smart contract for BUIDL holders to exchange shares for USDC.

Stablecoin issuer Circle introduced a new smart contract function earlier Thursday to allow near-instant, around-the-clock redemptions from BlackRock's BUIDL fund for USDC stablecoins.

The financial system is witnessing a transformative change as Circle announces a groundbreaking development. Investors holding shares in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) can now seamlessly exchange their tokenized real-world assets for USDC.

BlackRock's BUIDL fund now allows share conversion to stablecoin USDC for enhanced liquidity.

On Thursday, the financial technology firm and stablecoin provider Circle introduced smart contract capabilities aimed at enabling holders of the Blackrock USD Institutional Digital Liquidity Fund (BUIDL) to exchange their shares for USDC through Circle. Circle Provides BUIDL Off-Ramp This week, Circle announced it is providing a redemption pathway for BUIDL holders through USDC.

Circle will allow the direct conversion of BlackRock's tokenized fund shares into its USDC stablecoin

TL;DR Circle announces new features for clients of innovative BlackRock BUIDL tokenized fund to use $USDC for transfers. The integration allows instant transfers 24/7, boosting the liquidity and efficiency of digital assets. Circle's Jeremy Allaire highlights the importance of tokenization and using USDC to solve investment challenges.

Stablecoin issuer Circle says the dollar-pegged USDC is now available natively on layer-2 Ethereum (ETH) scaling protocol zkSync. In a series of posts on social media platform X, zkSync says that, unlike the USDC that was previously bridged on its platform, native USDC is different.

USD Coin (USDC) issuer Circle revealed a new smart contract feature with BlackRock, marking a significant stride in integrating the maturing crypto market with traditional finance. According to the announcement, the new technology will allow Black USD Institutional Digital Liquidity Fund (BUILD) holders to send their shares to Circle in exchange for USD Coins.

Investors in BlackRock's history-making tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), now have a way to quickly and easily convert their holdings into (CRYPTO: USDC) stablecoin, thanks to a new collaboration between BlackRock (NYSE:BLK) and Circle Inc. What Happened: The stablecoin issuer on Thursday announced the development of a smart contract specifically designed for BUIDL. This innovative technology allows BUIDL investors to seamlessly trade their fund shares for USDC, essentially “cashing out” their investment 24/7 in a near-instantaneous process.

The move lets BlackRock USD Institutional Digital Liquidity Fund (BUIDL) holders transfer their shares to Circle for USDC.

Circle, the issuer of the prominent stablecoin USDC, announced a significant development in its collaboration with financial giant BlackRock. On April 11, Circle unveiled a novel smart contract functionality.

Holders of BlackRock's first tokenized fund will now be able to transfer their shares to receive USDC.

Circle, the issuer of USDC, announced a new smart contract functionality that allows holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC.

Investors in BlackRock BUIDL fund can now swap holdings for USDC tokens with ease.

BlackRock USD Institutional Digital Liquidity Fund, the first tokenized fund launched by BlackRock, can now be transferred to Circle using the USDC stablecoin.

Circle has integrated Ethereum's zero-knowledge layer-2 solution zkSync into its native stablecoin, USD Coin, enhancing transaction processing speed and preserving Ethereum's foundational values, thereby expanding its availability in the Ethereum layer-2 ecosystem.

Koi Finance, SyncSwap, and ZeroLend are among the initial adopters of USDC on zkSync.

Ripple CEO Brad Garlinghouse believes a stablecoin is a natural fit for Ripple, complementing their existing XRP cross-border payment solutions.

Alright, guys. Gather around for the lowdown on the latest interesting development in the crypto industry.

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A renewed focus on boosting its meme coin ecosystem and bridging native USDC is fueling bullish interest in Fantom.

Circle, a leading stablecoin issuer, has officially expanded support for its USD Coin (USDC) to include Ethereum's zkSync, a zero-knowledge layer-2 solution. This move, announced on April 9, 2024, marks a significant enhancement for the ecosystem, enabling developers to utilize USDC on a scalable and efficient platform.

The aim is to create a more open and inclusive financial system for stablecoins such as USDC.