Circle overtakes BlackRock in tokenized Treasuries as market hits record $11 billion
Circle’s USYC tokenized U.S. Treasury fund has grown to $2.2 billion, surpassing BlackRock’s BUIDL fund as investors increasingly seek onchain yield and
✦ Editorial Summary
Circle's USYC tokenized U.S. Treasury fund has surpassed BlackRock's BUIDL fund, reaching $2.2 billion in assets. This milestone marks a record $11 billion in the tokenized Treasury market, driven by investor demand for onchain yield. Circle's growth demonstrates increasing adoption of digital assets in traditional financial markets.
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