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David Hoffman
@trustlessstate
Doing some 🕵️♂️ on the @BlackRock token contract The REDEEM function on BUIDL is connected to the USDC token contract There’s onchain convertibility between $USDC and $BUIDL??
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David Hoffman
@trustlessstate
The implications of this are pretty massive BUIDL instantly becomes equivalently liquid as USDC Collateral inside of Aave, MakerDAO, Morpho, etc
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