Why BlackRock’s BUIDL Challenges but Won’t Replace Stablecoins

Tokenized treasuries are gaining ground but will complement, not fully replace, stablecoins due to liquidity and usability. BlackRock’s BUIDL tokenized treasury fund showcases rapid adoption of RWA tokenization in institutional finance. JPMorgan has highlighted the increasing competition between tokenized treasuries and stablecoins, with funds such as BlackRock’s BUIDL threatening the latter’s market dominance. Now one [...]