Circle takes the lead in the tokenized U.S. Treasury market as the market size expands to a record high of approximately $170 billion
By Shoko Galaviz
March 14, 2026, 07:30
As the market for tokenizing assets such as U.S. Treasuries on the blockchain rapidly expands, Circle, the issuer of USDC, has become the largest provider in this space.
According to data from RWA.xyz, the supply of Circle's tokenized U.S. Treasury token (USYC) has reached approximately $22 billion (about ¥3.41 trillion at an exchange rate of ¥155 to the dollar), surpassing a similar product by BlackRock.
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