Circle (CRCL), the Crypto Company known for its Stablecoin USDC, presented its US Treasury Treasury offering to Solana on Wednesday, expanding its fingerprint to the blockchain known for low -cost transactions and fast settlement times.
This decision widens the USYC token beyond Ethereum networks, near the base and the canton and the planned addition of the BNB channel.
USYC is a tokenized version of a short -term US monetary market fund. The fund can be exchangeable in real time in USDC, USDC, Stablecoin to support the Dollar de Circle, and is only available for non-American institutional investors who pass from Know-You-Customer (KYC) checks. This makes the USYC authorized by design, unlike other chips commonly used in decentralized finance (DEFI).
The wider tokenized treasure market has recently experienced explosive growth, inflating at almost $ 8 billion today, compared to $ 2.4 billion in one year, according to Rwa.xyz data. This increase reflects the growing institutional appetite for real assets (RWAS) on blockchain rails, in particular government titles. They are increasingly used as a guarantee for loans and margins trading, or as a construction block for other yielding strategies.
With a market capitalization of $ 635 million, the USYC is the fifth largest tokenized cash fund, according to Rwa.xyz data.
The integration of Solana adds new potential use cases, including the use of the USYC as a margin guarantee for derivative trading or as an active that carrying out the yield in decentralized financing platforms (DEFI) based on Solana. However, the USYC requires protocols to integrate eligibility controls and the portfolio authorization list, an obstacle that many applications will need additional development to support it.
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