Circle launches $724 million money market fund, USYC, on Solana
By Reel Coverage Oct 03, 2025
Previously available only on Base, Canton, Ethereum, and NEAR, Circle’s tokenized money market fund (TMMF), USYC, is now on Solana, the leading high-performance blockchain.
USYC, first launched in May, 2023, is a tokenized money market fund that delivers yield-bearing collateral with near-instant, 24/7, redemptions at scale.
USYC is a 4th largest tokenized treasury asset, offering qualified institutional investors exposure to shares of the Hashnote International Short Duration Fund Ltd, a professionally managed, short‑duration US government money market fund that can be redeemed to and from USDC in real time.
The tokenized US treasury market is worth over $8 billion today, according to data from RWA.xyz. In the past 30 days, this market has grown by over $870 million, with Securitize’s BUIDL, Superstate’s USTB and Circle’s USYC leading inflows.
USYC's launch on Solana enables native decentralized applications to access real-time yield-accrual treasury assets worth over $724 million with programmability. As a tokenized yield collateral, USYC can be leveraged by DeFi protocols across lending markets, decentralized perpetual trading and more.
