Circle Internet Financial Ltd., a stablecoin issuer, has acquired Hashnote, known for its US Yield Coin (USYC), the largest issuer of tokenized Treasuries. This acquisition comes as Donald Trump begins his second term as a crypto advocate in the White House. Hashnote's USYC has issued $1.3 billion in tokens, surpassing its nearest competitor, BlackRock Inc.'s BUIDL.

USDC

Stablecoin issuer Circle Internet Financial Ltd. acquired Hashnote, adding a tokenized money market fund just as crypto advocate Donald Trump enters the White House for a second term. Hashnote’s US Yield Coin (USYC) is the largest issuer of tokenized Treasuries, according to industry tracker RWA.xyz. The fund had issued $1.3 billion in tokens as of Tuesday, double its closest competitor, BlackRock Inc.’s BUIDL.

Circle Acquires Hashnote, Becoming the Largest Tokenized Treasury Issuer