Circle Smart Contract Provides Support for BlackRock

April 12, 2024 Tóth Balázs

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Stablecoin issuer Circle has announced the introduction of smart contract support for investors in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), offering an off-ramp for BUIDL owners to transfer their shares to Circle in exchange for USDC. The relationship between the two companies began in 2022 when BlackRock invested in Circle’s $400 million financing round, and they also manage a portion of the USDC reserves.

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Circle Smart Contract Provides Support for BlackRock

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