In five months, @circle's USYC went from a ~$150M Ethereum-native fund to the largest tokenized money market fund by AUM at $2.7B. On-chain data shows 95% of that sits on @BNBCHAIN. The catalyst was a November 2025 integration enabling @binance institutional clients to post USYC as yield-bearing collateral for derivatives, replicating a traditional prime brokerage model on-chain. This created a demand flywheel that no other tokenized T-bill has matched.(Dune | We Are Hiring!)