BUIDL, officially known as the BlackRock USD Institutional Digital Liquidity Fund, was initially launched in March 2023 on the Ethereum blockchain.
Bitcoin’s impressive rally has been closely tied to the rising popularity of Bitcoin ETFs. These funds allow investors to gain exposure to Bitcoin without having to buy and store the cryptocurrency directly, making it easier for people to invest in Bitcoin.
"With the launch of WDK by Tether, we’re giving developers and businesses the tools they need to seamlessly integrate USDt and Bitcoin into their applications”, said Tether CEO, Paolo Ardoino.