Circle CEO: USYC Has Become the World's Largest Tokenized Money Market Fund

Odaily News According to a recent post by Circle CEO Jeremy Allaire on the X platform, Circle's USYC has become the world's largest tokenized money market fund. Tokenized vaults and repo transactions serving as collateral represent a significant emerging use case, and we are proud of how rapidly it has grown. The strength of USYC lies in its ability to create and redeem USYC using USDC and smart contracts around the clock (24/7/365). The experience of real-time settlement for funds and collateral is superior.

Odaily Note: According to data from the Coingecko website, the market capitalization of USYC has surpassed $2.3 billion, currently reported at $2.31 billion.