Circle, widely recognized as the issuer of the USDC stablecoin, has claimed the top spot in the fast-growing tokenized U.S. Treasury market. Its USYC token has surged to approximately $2.2 billion in supply, surpassing BlackRocks USD Institutional Digital Liquidity Fund (BUIDL), which currently manages around $2 billion in assets, according to RWA.xyz data.
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