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Circle’s USYC Becomes Largest Tokenized U.S. Treasury Fund Worldwide

According to rwa.xyz, Circle’s USYC reached a $2.2 billion market value and a 19.88% share after growing 41.16% over 30 days, reinforcing its lead in tokenized U.S. Treasury products.

BUIDL
USYC

Summary

According to rwa.xyz data, Circle’s tokenized money market fund USYC reached a market value of $2.2 billion after growing 41.16% over the past 30 days. The fund now accounts for 19.88% of the tokenized U.S. Treasury market, making it the world’s largest tokenized U.S. Treasury fund. The update strengthens USYC’s lead in the sector after it previously moved ahead of BlackRock’s BUIDL.

Terms & Concepts
  • Tokenized U.S. Treasury fund: A blockchain-based investment product that represents ownership or exposure to U.S. Treasury assets through digital tokens.
  • USYC: Circle’s tokenized money market fund that provides blockchain-based exposure to U.S. Treasury-related assets.
  • BUIDL: BlackRock’s tokenized Treasury fund, which competes in the market for blockchain-based U.S. Treasury products.