Circle Announces USDC Smart Contract for Transfers by BlackRock’s BUIDL Fund Investors

Circle Announces USDC Smart Contract for Transfers by BlackRock’s BUIDL Fund Investors
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USDC powers near-instant, 24/7 transfers at the speed of the Internet
BOSTON–(BUSINESS WIRE)–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 of solving investor pain points. USDC enables investors to move out of tokenized assets at speed, lowering costs and removing friction. We’re thrilled to provide this functionality to BUIDL investors and deliver the core benefits of blockchain transactions via USD

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