Circle Acquires Hashnote and Partners with DRW to Boost USDC Liquidity
- Circle acquired tokenization firm Hashnote, issuer of the USYC token.
- USYC is the largest tokenized money fund, with over $1.2 billion issued.
- Circle partnered with DRW Cumberland to enhance liquidity for USYC and USDC.
- Canton blockchain has issued over $3.6 trillion in tokenized real-world assets.
- USDC’s transaction volume surpassed $20 trillion, with a 78% growth in circulation supply.
- Tether USD (USDT) leads the stablecoin market with a $141 billion supply, over three times USDC’s $44.6 billion.
Circle announced its acquisition of Hashnote and a partnership with DRW Cumberland to improve liquidity for USYC and USDC. The firm aims to integrate these tokens further into financial markets as it competes against Tether USD (USDT), which dominates the stablecoin market by a significant margin.
Source (2.6.1)https://cryptoslate.com/circle-acquires-rwa-issuer-hashnote-partners-with-drw-to-enhance-usdc-liquidity/?rand=24433
