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The Defiant 2025-01-23 21:49:52

Circle Acquires Hashnote and USYC

Circle , the issuer of USDC, the second-largest stablecoin by market capitalization, has entered the real-world asset (RWA) market by acquiring Hashnote and USYC. Hasnote is an onchain-focused fintech firm that pioneered USYC, the largest tokenized money market fund (MMF) with a market capitalization of nearly $1.3 billion. USYC makes up 34% of the entire tokenized Treasury market, valued at $3.5 billion, according to RWA.xyz. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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