Circle's Tokenized Money Market Fund USYC Surpasses $2 Billion, Ranking First Globally

MarsBitNews · 2026-03-13T01:22:03+00:00

Circle has officially announced that its tokenized money market fund USYC has surpassed $2 billion in assets under management, becoming the largest globally. This move demonstrates widespread adoption of on-chain cash and collateral. USYC enables institutions to manage yield-bearing assets on the blockchain, primarily investing in short-term U.S. Treasury securities and reverse repurchase agreements.

MarsBitNews

2026-03-13 01:22:03

Abstract generation in progress

CoinDesk reports that on March 13, Circle announced that its tokenized money market fund USYC has surpassed $2 billion in assets, making it the world’s largest tokenized money market fund. This milestone clearly indicates that on-chain cash and collateral are being increasingly adopted in global markets. USYC is a product that tokenizes traditional money market funds using blockchain technology, allowing institutional investors to hold, trade, and manage yield assets on the chain. The fund primarily invests in short-term U.S. Treasury securities and repurchase agreements backed by U.S. government securities.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.