Circle’s USYC Overtakes BlackRock’s BUIDL as Largest Tokenized Treasury Fund

Circle’s USYC has overtaken BlackRock’s BUIDL as the world’s largest tokenized money market fund, a type of investment product that holds U.S. Treasury securities and trades on blockchain networks. USYC reached $1.69 billion in assets while BUIDL fell to $1.68 billion. USYC grew 11% in 30 days while BUIDL declined 2.85%, according to RWA.xyz data. The roughly $6 million margin between the two comes with a significant caveat as Arkham Intelligence data shows Binance holds $1.43 billion of USYC, represent ...