Tokenized versions of Circle shares have reached $305.5 million across blockchain platforms, placing the USDC issuer at the forefront of a tokenized equities market that hit an all-time high of $3.1 billion. This market grew from under $20 million in late 2024 to $3.1 billion by early September 2026, representing explosive expansion in under two years. Three tokenized Circle products (CRCLon, CRCLB, and CRCLx) account for the bulk of these deployments, with market caps reaching up to $154 million and $119 million respectively. A U.S. SEC order that took effect on September 17, 2026 catalyzed this growth by creating a conditional framework for trading tokenized U.S. stocks, running through 2031. Following the announcement, Circle shares rose approximately 5.7% to $85.03.
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