[Circle's Tokenized Money Market Fund USYC Surpasses $2 Billion, Ranking First Globally] BlockBeats News, March 13: Circle officially announced that its tokenized money market fund, USYC, has surpassed $2 billion in scale, becoming the largest tokenized money market fund in the world. This milestone event clearly demonstrates the growing adoption of on-chain cash and collateral in global markets. USYC is a product by Circle that tokenizes traditional money market funds using blockchain technology, allowing institutional investors to hold, trade, and manage yield-bearing assets on-chain. The fund primarily invests in short-term U.S. Treasury bills and reverse repurchase agreements backed by U.S. government securities.