"Tokenized Treasuries have surpassed the $15 billion mark, with a total market valuation of $15.20 billion as of May, indicating a strong demand for these onchain instruments."
"Circle's USYC leads the market with a total value of $2.91 billion, operating across three blockchains, while Blackrock's BUIDL follows closely at $2.58 billion."
"The top five tokenized Treasury products collectively account for approximately $10.92 billion, showcasing the growing institutional interest in these financial instruments."
In May, the total market valuation of tokenized U.S. Treasuries reached $15.20 billion, with a growth of $1.06 billion in the past month. The average annual percentage yield (APY) for 71 tracked assets was 3.36%. Circle's USYC leads with a valuation of $2.91 billion, followed by Blackrock's BUIDL at $2.58 billion. The top five tokenized Treasury products account for approximately $10.92 billion, reflecting significant institutional traction and multi-chain expansion that may drive further adoption.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]