Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

A7A5 under fire as EU weighs sanctions on ruble-pegged stablecoin

October 7, 2025

Regional Crypto Power Balance Is Shifting as Japan ‘Ready to Pop’

October 7, 2025

Central Bank To Track Every Crypto Ruble

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Circle acquires RWA issuer Hashnote, partners with DRW to enhance USDC liquidity

January 22, 2025Updated:January 22, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Circle acquires RWA issuer Hashnote, partners with DRW to enhance USDC liquidity
Share
Facebook Twitter LinkedIn Pinterest Email
ad



Circle acquires RWA issuer Hashnote, partners with DRW to enhance USDC liquidity

Circle introduced on Jan. 21 the acquisition of the tokenization agency Hashnote, the issuer of the USYC token. Moreover, the corporate closed a partnership with the market maker DRW Cumberland to drive USYC and USD Coin (USDC) in crypto and conventional markets.

In accordance with rwa.xyz knowledge, Hashnote’s tokenized cash fund Hashnote Quick Period Yield Coin is the biggest on the earth, with over $1.2 billion price of tokens USYC issued on a number of blockchain networks, together with Ethereum.

Circle goals to totally combine USYC with its USDC stablecoin to boost accessibility between tokenized cash market fund collateral and the stablecoin market. The aim is to make USYC the popular yield-bearing collateral on exchanges, custodians, and prime brokers.

Jeremy Allaire, CEO and Chairman of Circle, acknowledged:

“As money and yield-bearing short-duration treasury invoice property change into fungible and convertible at blockchain speeds, this improvement unlocks vital alternatives for institutional adoption and units a brand new customary for monetary market buildings.”

Circle additionally partnered with DRW, a serious institutional crypto dealer, by way of its subsidiary Cumberland to boost USDC and USYC liquidity. 

USDC on Canton

Along with the Hashnote announcement, Circle revealed the issuance of native USDC on the layer-1 blockchain Canton.

Circle acknowledged that Canton has issued over $3.6 trillion in tokenized real-world property (RWA), as its infrastructure is already “used and supported by main conventional banks, buying and selling companies, asset managers, and exchanges.”

Notably, Circle has been making an attempt to make USDC meet up with Tether USD (USDT), the biggest stablecoin available in the market. In December, the USDC issuer partnered with Binance to make its stablecoin an important a part of the change’s company treasury asset.

Moreover, Circle lately revealed a report revealing that USDC surpassed $20 trillion in all-time transaction quantity and a 78% year-over-year progress in circulation provide.

Nonetheless, USDC nonetheless has lots of floor to cowl. USDT dominates the stablecoin market with a virtually $141 billion provide, equal to 69% of the market. It quantities to over 3x the present USDC provide of $44.6 billion, based mostly on Artemis knowledge.

Talked about on this article



Source link

ad
acquires Circle DRW enhance Hashnote issuer Liquidity partners RWA USDC
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

A7A5 under fire as EU weighs sanctions on ruble-pegged stablecoin

October 7, 2025

Regional Crypto Power Balance Is Shifting as Japan ‘Ready to Pop’

October 7, 2025

Central Bank To Track Every Crypto Ruble

October 7, 2025

Partners With Chainlink For On-Chain US Economic Data

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
A7A5 under fire as EU weighs sanctions on ruble-pegged stablecoin
October 7, 2025
Regional Crypto Power Balance Is Shifting as Japan ‘Ready to Pop’
October 7, 2025
Central Bank To Track Every Crypto Ruble
October 7, 2025
Partners With Chainlink For On-Chain US Economic Data
October 7, 2025
Crypto history made as Bitcoin price tops $125,600: is $150k next?
October 6, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.