Circle’s USYC just became the world’s largest tokenized MMF. Tokenized treasuries and repo as collateral is a major emerging use case and we are proud of how quickly this has grown. What’s especially powerful about USYC is the ability to 24/7/365 create and redeem it using USDC and a smart contract teller. Real-time money and collateral is better.
Circle
@circle
03-13
USYC is now the world’s largest tokenized money market fund.
This milestone underscores trust in Circle as one of the world’s leading internet financial platform companies and delivers clear signal on the increasing adoption of onchain cash and collateral primitives in global
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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