Securitize Launches USDC to USD Conversion Service for BlackRock BUIDL

Odaily News Tokenization platform Securitize announced the launch of a conversion service between Circle stablecoin (USDC) and the US dollar, dedicated to BlackRock's US Dollar Institutional Digital Liquidity Fund (BUIDL). The integration aims to reduce investment costs and simplify the subscription process for traditional financial investors to the BUIDL fund. The company has partnered with BlackRock to issue BUIDL tokens on the Ethereum blockchain. Blockchain infrastructure company Zero Hash will provide support for conversions between US dollars and digital assets for the service. The service is aimed at qualified investors and aims to accelerate investment in the BUIDL fund. (Decrypt)