Circle’s USYC Leads Tokenized U.S. Treasury Market With $2 Billion Growth

Circle’s tokenized U.S. Treasury product USYC increased its market capitalization by $2 billion over the past year, leading all comparable assets, according to Token Terminal data cited on Sept. 11. iBENJI and USDY followed with market-cap growth of $1.7 billion and $1.5 billion, respectively. BlackRock’s BUIDL ranked fifth after increasing by $552.5 million during the same period.