Seamless

Ondo

2024

USDC

BlackRock

<h4><strong>They introduced a new smart contract functionality. This allows investors of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to seamlessly transfer their shares to Circle.</strong></h4> 
<p>This exchange is for <a href="https://www.altcoinbuzz.io/?s=usdc" target="_blank" rel="noopener">USDC</a>, a stable digital currency. Let’s explore more about this important news for Circle.</p> 
<h5><strong>Seamless BUIDL-to-USDC Transfers with New Smart Contract</strong></h5> 
<p>This new feature offers BUIDL investors a fast, efficient way to liquidate their investments 24/7. It allows them to bypass traditional financial system constraints.</p> 
<p>The integration of this smart contract mechanism underscores the advantages of tokenized assets, emphasizing speed, transparency, and efficiency. It offers a sophisticated platform for investors to directly convert digital fund shares into USDC on the secondary market.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Today <a href="https://twitter.com/circle?ref_src=twsrc%5Etfw">@circle</a> announced new features enabling <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw">@blackrock</a> BUIDL customers to use <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> for transfers, enabling seamless onchain integration with their breakthrough tokenized fund. <a href="https://t.co/8bYXdHzS9S">https://t.co/8bYXdHzS9S</a></p> 
 <p>— Jeremy Allaire (@jerallaire) <a href="https://twitter.com/jerallaire/status/1778416442691428778?ref_src=twsrc%5Etfw">April 11, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The recent launch of the BUIDL fund marks a significant advancement in the financial sector. It highlights blockchain’s potential to integrate digital and traditional financial landscapes. By facilitating the tokenization of <a href="https://www.altcoinbuzz.io/?s=real-world+assets" target="_blank" rel="noopener">real-world assets</a>, the fund offers a glimpse into the future. Here, blockchain technology bridges the gap between digital currencies and everyday financial transactions.</p> 
<h5><strong>More About Circle and USDC</strong></h5> 
<p>It’s important to mention that Ondo Finance saw an 8% surge in its valuation following the introduction of a new smart contract functionality by Circle, a major stablecoin issuer. Implemented earlier on Thursday, this innovative feature enables almost instantaneous, 24/7 conversion of investments from BlackRock’s BUIDL tokenized fund into USDC stablecoins.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ONDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ONDO</a> surged after <a href="https://twitter.com/OndoFinance?ref_src=twsrc%5Etfw">@OndoFinance</a> tested out a new <a href="https://twitter.com/circle?ref_src=twsrc%5Etfw">@circle</a> feature tied to <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw">@BlackRock</a>'s <a href="https://twitter.com/search?q=%24BUIDL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BUIDL</a> fund.<a href="https://twitter.com/sndr_krisztian?ref_src=twsrc%5Etfw">@sndr_krisztian</a> reports<a href="https://t.co/bzSKY2ZxmL">https://t.co/bzSKY2ZxmL</a></p> 
 <p>— CoinDesk (@CoinDesk) <a href="https://twitter.com/CoinDesk/status/1778543113470181859?ref_src=twsrc%5Etfw">April 11, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This enhancement is set to streamline transactions and increase liquidity, offering a more dynamic and responsive trading environment for investors involved with <a href="https://www.altcoinbuzz.io/?s=ondo+finance" target="_blank" rel="noopener">Ondo Finance</a>.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/circle-introduces-smart-contract-for-usdc-buidl-transfers/">Circle Introduces Smart Contract for USDC-BUIDL Transfers</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Circle Introduces Smart Contract for USDC-BUIDL Transfers

Altcoin Buzz

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