BlackRock’s BUIDL Fund Bags $11M Worth of USDC From Circle

BlackRock's BUIDL (BlackRock USD Institutional Digital Liquidity) Fund has once again captured noteworthy attention with its massive stablecoin accumulation today.

BlackRock’s BUIDL Fund Continues to Accumulate Stablecoins

BlackRock's BUIDL (BlackRock USD Institutional Digital Liquidity) fund, which is attracting attention every day, is making headlines again today with its large-scale stablecoin accumulation. A major asset manager’s tokenization fund has secured $11 million worth of USDC from stablecoin giant Circle, according to on-chain insights.

This accumulation has sparked active discussion in the broader market, with BUIDL fund address holdings estimated at over $88 million at the time of writing. Now, let's take a closer look at the latest market statistics for the fund.

BlackRock BUIIL Fund Secures USDC

According to data revealed by Arkham Intelligence, BlackRock BUIDL fund address “0x13e” received 11 million USDC from Circle Hot Wallet 0x55F today. This transaction increased the address's total USDC holdings to $88.16 million.

Meanwhile, other holdings at the address include MOG, COLLE, Shiba Inu, and many more. However, the majority is in the stablecoin USDC, bringing the total value of assets held by the addresses to $88.33 million.

The fund’s accumulation of USDC appears to coincide with Circle’s facilitation of seamless tokenization services to BUIDL investors. Additionally, BUIDL holders have skyrocketed in recent days, according to the latest data from Dune Analytics. The USDC Redeemable Fund is valued at $77.4 million with 19 recent holders.

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