BlockBeats News, May 7th, Circle officially announced that its USYC asset management scale has surpassed $3 billion, becoming the world’s largest tokenized money market fund. This milestone indicates that tokenized money market funds are continuously growing, and the role of on-chain collateral in the digital asset market is steadily increasing.
USYC is a product by Circle that tokenizes traditional money market funds using blockchain technology, allowing institutional investors to hold, trade, and manage yield assets on the chain. The fund mainly invests in short-term U.S. Treasury bonds and repurchase agreements supported by U.S. government securities.
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