Circle’s tokenized money market fund, USYC, has become the world’s largest of its kind after its Assets Under Management exploded from $150 million to $2.68 billion in just five months. The surge is attributed to a key expansion onto the BNB Chain and a major inflow of stablecoins to Binance, with the fund also recording an estimated net yield increase of 3.18%.
Circle’s USYC tokenized money market fund has seen its assets under management soar to $2.68 billion from just $150 million in a five-month period. The fund now stands as the largest tokenized money market fund globally and has recorded an estimated net yield increase of 3.18%.
This dramatic growth was primarily driven by expansion onto the BNB Chain, where about 95% of its AUM now sits. A pivotal surge began in November 2025, which created a demand flywheel that no other tokenized T-bill has matched.
Circle’s own annual report shows USYC’s AUM grew by about $592 million between November 1 and December 23, 2025. That rapid expansion lifted it to become the world’s second-largest tokenized money market fund at the time.
The fund’s growth coincides with a major reversal for Binance stablecoin reserves, which increased to $45.5 billion. This followed a $2.5 billion surge in March inflows after three months of outflows totaling $7.6 billion.
In related developments, Circle’s USDC has outpaced Tether’s USDT in transaction volume since the start of 2026. The company’s stock price was also trading at $92.15 after a 2.09% increase.
These milestones follow Circle’s recent announcement of plans to move early on Post-Quantum Cryptography. The shift reflects changing security priorities across the broader digital asset market.
