Ondo and Superstate posted the strongest gains in the tokenized US Treasury market during the week of October 13 to 19, 2026, with Ondo adding $41.6 million and Superstate $34.2 million in market cap. Ondo crossed the $3 billion threshold in total tokenized US Treasury assets on October 13, with its flagship product USDY accounting for $2.328 billion of that total. The overall tokenized US Treasury market was valued between $14.9 billion and $15.5 billion in mid-October 2026, with Ondo representing roughly a fifth of the sector. Circle leads on the individual product level with USYC at approximately $2.38 billion. Despite the growth, usage of these tokenized assets in decentralized finance remains minimal, estimated at only 0.4% to 2%.
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