BlackRock USD Institutional Digital Liquidity Fund, the first tokenized fund launched by BlackRock, can now be transferred to Circle using the USDC stablecoin.
Circle, the issuer of major stablecoin USDC (USDC), has enabled transfers of BlackRock USD Institutional Digital Liquidity Fund (BUIDL) shares to its stablecoin.
Circle officially announced on April 11 a new smart contract functionality that would allow BUIDL holders to transfer their shares to Circle for USDC.
Circle’s smart contract functionality enables the frictionless transfer of BUIDL shares in exchange for USDC to Circle on the secondary market. According to the announcement, the smart contract will enable “near-instant” BUIDL off-ramp that serves investors 24/7.
