Circle's USYC Tops $3 Billion as Ethereum Tokenized Treasuries Hit $8 Billion

cryptoblockchainstechfintech 3 posts · 3 accounts

Circle said its USYC tokenized money market fund has passed $3 billion in assets under management, a threshold that the company said makes it the largest tokenized money market fund. Circle said the milestone points to continued momentum in tokenized money market funds and the growing role of onchain collateral in digital-asset markets.

The fund-level milestone comes as the market capitalization of tokenized U.S. Treasuries on Ethereum reached an all-time high of about $8 billion, according to Token Terminal, roughly double the level of six months ago. Products cited as main growth drivers include BUIDL from Securitize, JTRSY from Centrifuge, iBENJI from Franklin Templeton, WTGXX from WisdomTree, USDY from Ondo Finance and USTB from Superstate.

From the sources (3 posts)

@cointelegraph

🔥 UPDATE: The market cap of tokenized U.S. Treasuries on Ethereum have hit an all-time high of ~$8B, doubling in value over the past six months, per Token Terminal.

@wublockchain

Tokenized U.S. Treasuries on Ethereum Reach Record $8 Billion Market Cap According to Token Terminal, the market capitalization of tokenized U.S. Treasuries on Ethereum has reached an all-time high of about $8 billion, doubling over the pa

@jerallaire

Circle's USYC is the largest tokenized money market fund in the world, now over $3B in AUM.

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