Circle CEO: USYC has become the largest tokenized currency market fund in the world

Recently, Circle CEO Jeremy Allaire posted on the X platform that Circle's USYC has become the world's largest tokenized currency market fund. Tokenized vaults and repurchase transactions as collateral are an important emerging use case, and we are proud of how quickly it has developed. 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 funding and collateral is better.

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