Deposits into Circle's tokenized money market fund, USYC, just broke their high from last January. And tokenized MMFs have still only tapped a fraction of their potential. With the average US bank account interest below 1%, expect a lot more demand for onchain yield.

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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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