BlackRock BUIDL Fund Accumulates $11M USDC Stablecoins From Circle

BlackRock’s BUIDL (BlackRock USD Institutional Digital Liquidity) Fund has once again captured noteworthy attention with its massive stablecoin accumulation today. On-chain insights indicated that the tokenized fund of one of the leading asset managers bagged a whopping $11 million worth of USDC from Circle, the stablecoin giant. This accumulation has set off a flurry of discussions across the broader market, with the BUIDL Fund address’ holdings evaluating above $88 million while writing. So, let’s take a closer look at the fund’s latest market stats.