吴说获悉，Circle 发布 2026 年产品规划，提出构建互联网金融系统的整体愿景。Circle 表示，将以 Arc 公链为核心推进企业级区块链基础设施建设，进一步扩大 USDC、USYC 等数字资产的全球应用，并重 点发展 Circle Payments Network 与 StableFX，降低机构使用稳定币进行支付、结算与外汇交易的门槛， 加速稳定币融入主流金融体系。 （来源：吴说） ...

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 ...

Circle’s 2025 Year in Review is live.For years we have been building toward an internet financial system where value moves as easily as information. In 2025 that vision came into sharper focus.→ Global frameworks in the US and beyond advanced, signaling a clear path for fully reserved digital currencies and onchain settlement to move into mainstream use.→ Circle’s IPO and conditional national trust charter approval reinforced our commitment to transparency, strong governance, and rigorous risk management.→ ...

Core Insights - The market capitalization of yield-bearing, on-chain Treasury products has more than doubled in 2025, exceeding nine billion dollars by December [1][6] - Different tokenized Treasury platforms exhibit varying performance, with some yielding higher returns than others [2][6] Tokenized Treasury Platforms - Tokenized Treasury products can be categorized into two classes: fixed net asset value (NAV) products and floating price tokens [3][4] - Fixed-NAV products, such as traditional money market funds, distribute dividends by issuing new tokens, while floating price tokens automatically accrue yield as underlying assets appreciate [3][4] Treasury Token Returns in 2025 - Among floating-price Treasury tokens, Superstate's USTB achieved the highest yield, with a $1,000 investment growing to $1,038.1, resulting in an annualized return of 4.11% [5] - Yields for various floating-price tokens range from 2.3% to 4.2% [6] Fixed-Price Treasury Tokens - Fixed-price tokenized MMFs and yield-bearing stablecoins have more complex comparisons, with limited data available for year-to-date returns from only a few providers [7] - Adjusted annualized returns for fixed-price Treasury tokens show varying performance, with YLDS at 2.56% and BENJI at 4.0% [9]

the race that TMMF enthusiasts follow 😁 https://t.co/UapLUzSlCAToken Terminal 📊 (@tokenterminal):With the USYC TMMF, @circle is making a push into yield-bearing assets.Market cap for USYC is $1.4 billion, which makes it the 2nd largest tokenized money market fund.A chart to follow 👇 https://t.co/zICbcyNRn6 ...

Core Insights - JPMorgan Chase has launched a $100 million tokenized money-market fund on the Ethereum blockchain, indicating strong Wall Street support for Ethereum [1][2] - The OnChain Net Yield Fund is aimed at high-net-worth individuals and institutions, with minimum investment thresholds set at $5 million and $25 million respectively [2] - The demand for tokenization is increasing as regulatory clarity improves, with JPMorgan executives noting a rise in client interest [3][4] Fund Details - The tokenized money-market fund wraps traditional low-risk cash products in blockchain-based tokens, allowing for faster settlement and 24/7 operation [3] - JPMorgan's fund is part of a broader trend, with other firms like BlackRock and Franklin Templeton also launching tokenized funds, contributing to a growing market valued between $5 billion and $9 billion [5] Market Context - Ethereum currently hosts over 70% of the tokenized real-world asset value, highlighting its dominance in the space [6] - The launch of JPMorgan's fund is seen as a potential catalyst for Ethereum's price growth, with analysts suggesting it could significantly enhance Ethereum's market position [7]

RT Token Terminal 📊 (@tokenterminal)🚨🏦 BREAKING: The onchain supply across all @circle products (USDC, USYC, EURC) reaches an all-time high of $78.9 billion. https://t.co/Eu2dMVapo3 ...

🚨🏦 BREAKING: The onchain supply across all @circle products (USDC, USYC, EURC) reaches an all-time high of $78.9 billion. https://t.co/Eu2dMVapo3 ...

RT Ben 🔶 BNB (@web3benx)Strong #RWA December (~$1.9b) - Top 5⚫️🟡1️⃣ @circle USYC US T-Bills2️⃣ @Securitize- BUIDL (@BlackRock) US T-Bills- VBILL (@vaneck_us) US T-Bills3️⃣ @OndoFinance GM Stocks4️⃣ @Brickken Real estate5️⃣ @matrixdock GoldGood reminder of how #RWA is evolving on @BNBCHAIN💫 https://t.co/MNpR1YQZsU ...

RT Token Terminal 📊 (@tokenterminal)A treemap of tokenized funds.Size based on market cap.Color based on 30d market cap growth.@circle's USYC is on track to overtake @Securitize's BUIDL, should the current growth rates sustain.A race to follow 👇 https://t.co/jsjyqviExz ...