According to RWA.XYZ, USYC is the world’s largest token -based financial and money marker, and manages $ 1.52 billion -equivalent assets.
USYC and USDC integration: What does it mean to the market?
Circle plans to completely integrate USYC with USDC to create a unified bridge between the tokenized money market asset and one of the most liquid stability in the world. This allows USYC to function as a collateral between the cryptographic and prime brokers.
Circle CEO’s Jeremy Allaire has called the integration of USYC and Hashnote Circle Platform a very important step for the StableCoin market.
“We have helped to invite symbolic cash. We are currently leading with a tokenized money market. Both are essential for the future of global financial systems. Circle in the circle. The acquisition of Hasnote and the strategic partnership with the DRW -compatible Cumberland are essential for driving and distributing these products on a large scale. ”
USYC is a token -converted money market fund that combines high yields and security, so that investors can access the duty of the Ministry of Finance. USYC, which supports derivatives with major trading companies, has emerged as a valuable tool for efficient security management.
“Participating in the circle will increase the ability to rapidly expand the recruitment by pairing the widely used fluid payments and the stability of transactions. This is a safe token for secure yields. With USYC, a converted moneymercock fund
An important factor in this contract is the DRW affiliate and a strategic partnership of Circle with Cumberland, one of the largest cryptocurrency traders. Cumberland will increase the liquidity of USDC and USYC as much as possible and improve the settlement process.
As part of the service expansion, Circle has also announced the development of Native USDC in Canton, a major public network of confidential and secure financial applications. Canton supports $ 3.6 trillion tokenes of $ 3.6 trillion assets and a monthly $ 1.5 trillion repository option, and is used in top banks, asset managers, and exchanges.
The integration of USYC, USDC and Canton guarantees the availability of assets and immediate conversions 24 hours a day, 24 hours a day, between the conventional financial markets operated by blockchain technology.
Cryptoquant has recently reported that it has reached the highest level since February 2023 after melting a token with more than 250 million USDC. Analysts speculated that it was related to circles and Cumberland partnerships.
Disclaimer
Beincrypto is working on unbalanced transparent reports in compliance with Trust Project Guidelines. This news article aims to provide accurate and timely information. However, it is recommended that readers verify the facts independently and consult with experts before making a decision based on this content. Note that contract conditions, privacy policy, and exemptions have been updated.