Search results for USYC
Crypto
Stablecoin market share doubles as total crypto market cap halves
Stablecoins increased their share of the crypto market to 15 percent from 7.6 percent during an ongoing market correction, even as total crypto market capitalisation fell about 50 percent to around $2.1 trillion, a report showed. Stablecoin supply rose only 10.6 percent to $316 billion, with the shift driven mainly by a shrinking market rather than a surge in issuance. Tether’s USDT led growth, while concentration remained high.
Crypto
Circle overtakes BlackRock to top tokenised U.S. Treasuries market
Circle has overtaken BlackRock to become the largest supplier in the tokenised U.S. Treasuries market, CoinDesk reported on March 16. CoinDesk said supply of Circle’s USYC token has exceeded $2.2 billion, surpassing BlackRock’s BUIDL at around $2.0 billion. Tokenised real-world assets are gaining attention among crypto traders and institutional investors as yield-bearing collateral and on-chain cash management tools.
Crypto
Yield-bearing stablecoins grow fast despite regulatory uncertainty
Yield-bearing stablecoins are growing 15 times faster than traditional stablecoins and are leading the market, Cointelegraph reported on March 13, citing crypto market analytics firm Messari. Messari said tokens including Circle’s USYC, Paxos’ USDG, Tron’s USDD and Ondo Finance’s USDY are surging. The U.S. Senate is divided over regulation, delaying a market structure bill vote until after April.
