BlackRock announced that its sBUIDL tokenized treasury bond bond fund, which is worth nearly US $3 billion, had the first direct DeFi integration with the Euler protocol on the Avalanche network. Based on the sToken framework developed by Securitize, the sBUIDL token has the functions of on chain mortgage and lending. This integration was developed by Re7 Labs, and users can use sBUIDL as collateral to borrow USDC or AUSD and obtain AVAX