BlackRock USD (BUIDL) is a fiat-backed US dollar stablecoin issued by BlackRock (tokenised by Securitize). It has about $2.21B in circulation, ranking #10 among the stablecoins CoinScoop tracks, and runs on 6 blockchains.
BUIDL price
$1.0000
On peg Circulating supply
$2.21B
30-day change
-21.5%
Price
$1.0000
Blockchains
6
Tracked since
Mar 2024
What is BUIDL?
BlackRock USD (BUIDL) is a fiat-backed US dollar stablecoin issued by BlackRock (tokenised by Securitize). It has about $2.21B in circulation, ranking #10 among the stablecoins CoinScoop tracks, and runs on 6 blockchains.
BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) launched in March 2024 for qualified investors. Its token holds a $1 value and pays yield as newly issued tokens.
In the issuer's words: The BlackRock USD Institutional Digital Liquidity Fund is represented by the blockchain-based BUIDL token, is fully backed by cash, U.S. Treasury bills, and repurchase agreements, and will provide yield paid out via blockchain rails every day to token holders, according to a press release.
BUIDL supply history
$2.97B$1.24B
Oct 8, 2025Oct 8, 2026
$2.99B$0
Mar 5, 2024Oct 8, 2026
BUIDL supply fell 21.5% over the past 30 days, to $2.21B. Its peak was $2.90B in May 2025, and supply is 24% below that high.
Is BUIDL holding its peg?
Last price
$1.0000
Target
1.0000 USD
Status
On pegBUIDL is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where BUIDL lives: supply by blockchain
BUIDL is spread across several networks. The largest, Solana, holds 42% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How BUIDL is backed
BUIDL is backed by cash, US Treasury bills and repurchase agreements.
Minting and redemption: BUIDL seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors' wallets as new tokens each month. The Fund invests 100% of its total assets in cash, U.S. Treasury bills, and repurchase agreements, allowing investors to earn yield while holding the token on the blockchain. Investors can transfer their tokens 24/7/365 to other pre-approved investors. Fund participants will also have flexible custody options allowing them to choose how to hold their tokens.
BUIDL risks
Issuer and custody
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Bridged versions
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
BUIDL vs USDT and USDC
Similar fiat-backed stablecoins
See all →
BUIDL in the news
Ondo Abandons Layer-1 Blockchain Plans for Offchain Execution Network Built on Secure Enclaves
DTCC Goes Live With Tokenized-Securities Trades as 50-Plus Firms Including BlackRock and Goldman Sachs Join
JPMorgan’s JLTXX Tokenized Fund Surges 250% to $695M in One Month on Ethereum
BUIDL guides
- Stablecoin Yield: Live Rates and Where the Interest Comes FromLive APYs for the biggest stablecoin savings and lending products, where each rate comes from, and the risks behind yields above the Treasury-bill rate.
BUIDL FAQ
What is BUIDL?
BlackRock USD (BUIDL) is a fiat-backed US dollar stablecoin issued by BlackRock (tokenised by Securitize). It has about $2.21B in circulation, ranking #10 among the stablecoins CoinScoop tracks, and runs on 6 blockchains.
Is BUIDL pegged 1:1 to the US dollar?
BUIDL targets 1 USD. At the last update it traded at $1.0000, a deviation of 0.00%, which we classify as "on peg".
What backs BUIDL?
BUIDL is a fiat-backed stablecoin. Cash, US Treasury bills and repurchase agreements.
Which blockchains is BUIDL on?
BUIDL is live on 6 blockchains. The largest by supply are Solana ($930M), Avalanche ($483M), Ethereum ($444M).
How much BUIDL is in circulation?
About $2.21B of BUIDL was in circulation at the last update, -21.5% over 30 days. That makes it the #10 stablecoin by supply among those we track.
Does BUIDL pay interest?
Yes. BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) launched in March 2024 for qualified investors. Its token holds a $1 value and pays yield as newly issued tokens.
Is BUIDL safe?
No stablecoin is risk-free. As a fiat-backed design, BUIDL's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.