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Circle Announces USDC Smart Contract for Transfers by BlackRock’s BUIDL Fund Investors
Today, Circle, a global digital financial technology firm and the issuer of USDC, announced new smart contract functionality that would allow holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC. This smart contract provides BUIDL investors with a near-instant, 24/7 BUIDL off-ramp that brings to bear the core benefits of tokenized assets: speed, transparency and efficiency. “Tokenization of real-world assets is a rapidly emerging product category,” said Jeremy Allaire, Co-founder and CEO of Circle. “Tokenizing assets is but one important dimension ... (full story)