Circle Scoops 'World's Largest' Tokenized Money Market Fund Amid Sector Boom

Quick Summary:

Circle plans to integrate USYC with its USDC stablecoin to enable convertibility between cash and tokenized collateral.

Treasury debt and reverse repurchase agreements, with a total asset value of over $1.25 billion, according to RWA data.

TMMFs are blockchain-based digital versions of traditional financial assets, such as Treasury bills, offering faster ways to invest in yield-generating instruments.

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Article Details

Author / Journalist: Vismaya V

Category: Crypto

Markets: Estonia

Topics: Hashnote Real-World Assets Stablecoins Rwa tokenization USDC Tokenization Markets Treasuries Circle

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 06:23:35 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 25337293

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 3 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 16 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #63

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