Circle On Jan. 21, the company acquired Hashnote, which is the creator of the USYC Token. A partnership was also formed with DRW Cumberland in order to promote USYC, USD Coin (USDC), as well as USD Coin on traditional and crypto markets.
According to rwa.xyz The following are some of the most effective ways to increase your ROI:, Hashnote’s tokenized money fund Hashnote Short Duration Yield Coin is the largest in the world, with over $1.2 billion worth of tokens USYC issued on multiple blockchain networks, including Ethereum.
Circle wants to completely integrate USYC and its USDC Stablecoin, to increase accessibility between tokenized collateral for money market funds and the stablecoin marketplace. USYC is intended to be the most preferred yielding collateral for exchanges, prime brokers, and custodians.
Jeremy Allaire is the CEO and chairman of Circle.
“As cash and yield-bearing short-duration treasury bill assets become fungible and convertible at blockchain speeds, this development unlocks significant opportunities for institutional adoption and sets a new standard for financial market structures.”
Circle partnered also with DRW, a leading institutional crypto trader via Cumberland in order to improve USDC, and USYC, liquidity.
Canton USDC
Circle announced the release of USDC native currency on Canton, the layer-1 Blockchain.
Circle has stated that Canton’s infrastructure already comprises over $3.6 Trillion in tokenized real world assets (RWA). “used and supported by major traditional banks, trading firms, asset managers, and exchanges.”
Circle has tried to get USDC up to speed with USDT, the most popular stablecoin. USDC issued in December Partner with Binance to make its stablecoin an essential part of the exchange’s corporate treasury asset.
Circle has recently been a popular choice. A report was published The USDC has surpassed $20 trillion as a total transaction volume. Its circulation supply is up 78% from year to year.
USDC is still a long way from catching up. USDT has a supply of nearly $141 Billion, which is equivalent to 69%. This is more than 3x USDC’s current supply of $44.6 Billion, according to Artemis The following are some of the most effective ways to increase your ROI:.
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