Stablecoin issuer Circle has implemented smart contract support for investors of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). 

The move provides an off-ramp for BUIDL holders, allowing them to transfer their shares to Circle for USDC, according to a release issued Thursday. 

"USDC enables investors to move out of tokenized assets at speed, lowering costs and removing friction," said Circle Co-Founder and CEO Jeremy Allaire in a statement. "We're thrilled to provide this functionality to BUIDL investors and deliver the core benefits of blockchain transactions via USDC availability to investors."

BlackRock previously invested in Circle's $400 million funding round in April 2022, which led to a partnership between the firms. By November 2022, Circle announced …