[2025-01-22] The latest IT, economic, blockchain and coin news
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2025-01-22 | Curator: CryptoTerminal
Circle Scoops 'World's Largest' Tokenized Money Market Fund Amid Sector Boom
Stablecoin issuer Circle has brought the world’s largest tokenized money market fund under its control following its acquisition of issuer Hashnote for an undisclosed sum. USYC, or the Hashnote Short Duration Yield Coin, is backed by U.S. Treasury debt and reverse repurchase agreements, with a total asset value of over $1.25 billion, according to RWA data. It comes as multiple businesses seek to tap into an anticipated lucrative boom for real-world asset tokenization. The move is also expected...