BlackRock’s tokenized US Treasury fund BUIDL has reclaimed the top spot with a capitalization of roughly $2.8 billion, holding about 18.5% of the $15.1 billion tokenized Treasury market. Circle’s USYC briefly overtook BUIDL, growing from $600 million to nearly $3 billion over the past year before losing the lead again this week. This volatility among leaders suggests institutions are actively comparing competing products rather than settling on a single option, indicating the maturing tokenized assets market. BUIDL is BlackRock’s USD Institutional Digital Liquidity Fund, administered by Securitize.
Source: Read the original article
