In a recent development, Circle has announced its acquisition of Hashnote, a leading issuer of tokenized real-world assets. Hashnote is the creator of USYC, a tokenized money market fund with over $1.3 billion in assets. The acquisition was finalized during the World Economic Forum in Davos, Switzerland. This move places Circle at the forefront of integrating tokenized assets with its widely used stablecoin, USDC. This integration will allow USYC to serve as yield-bearing collateral across digital asset exchanges, prime brokers, and custodians. Also, Circle plans USDC deployment on Canton Network, enabling 24/7 liquidity and secure transactions.
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