Tokenized Treasury bill (T-Bill) funds have reached a combined market value of $13.7 billion, according to data from Token Terminal. Among the 23 funds with market capitalizations over $100 million, Circle's USYC leads with a market cap of $2.9 billion on BNB Chain. Other significant players include iBENJI by Franklin Templeton, BUILD by BlackRock, and JTRSY by Invesco, with market caps of $1.4 billion, $1.2 billion, and $1.1 billion, respectively, all operating on Ethereum.
Tokenized T-Bill Funds Exceed $13.7 Billion, Led by Circle's USYC
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