Circle's USYC Leads Tokenized Treasury Market with $2 Billion Annual Growth

According to Token Terminal data, Circle's tokenized U.S. Treasury product USYC saw its market capitalization increase by $2 billion over the past year, leading the sector. iBENJI and USDY followed with growth of $1.7 billion and $1.5 billion, respectively. BlackRock's BUIDL ranked fifth with an increase of $552.5 million during the same period.