Circle Acquires Hashnote for Undisclosed Sum, Launches World's Largest Tokenized Money Market Fund with USYC and USDC Integration in $14 Trillion Market
Circle has acquired Hashnote, the issuer of the US Yield Coin (USYC), to enhance its presence in the tokenized real-world asset market. This acquisition also includes the launch of what is described as the world's largest tokenized money market fund, integrating USYC with USDC to facilitate cash-token convertibility. The partnership with global trading firm DRW is expected to improve liquidity for USDC. Experts suggest that Circle's acquisition could signal the start of a competitive phase in the $14 trillion tokenization market. Circle has emphasized its position as the largest regulated stablecoin network globally.
Sources
Circle
“Circle has built the largest and most widely used regulated stablecoin network in the world.” https://t.co/V4FhxKWGaU
DL News Circle’s Hashnote buyout is the ‘firing gun’ for the $14tn tokenisation race, experts say https://t.co/kLfRRu757u
The Wolf Of All Streets Circle Acquires Hashnote To Expand In Tokenized Real-World Asset Market Circle has acquired Hashnote, the issuer of US Yield Coin (USYC), a tokenized real-world asset fund. The acquisition aims to position USYC as a preferred yield-bearing collateral on crypto exchanges,… https://t.co/ZcmQDPLwIN
