Data: The total supply on the USYC chain has exceeded $1 billion, of which $900 million comes from the BNB Chain.
TL;DR
Circle's interest-bearing stablecoin USYC has surpassed $1 billion in total supply, with over $900 million on the BNB Chain. This growth is driven by institutions like BlackRock and Ondo launching tokenized products on the chain.
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According to Foresight News , data from RWA.xyz shows that the total on-chain supply of Circle's interest-bearing stablecoin USYC has exceeded $1 billion, with over $900 million deployed on the BNB Chain.
Over the past year, several institutions have launched tokenized products on BNB Chain, including BlackRock (whose BUIDL fund was tokenized by Securitize and has been accepted as collateral by several mainstream institutions), Ondo (which launched 100 tokenized US stocks and ETFs), CMB International (which put a $3.8 billion money market fund on the blockchain), Franklin Templeton (which expanded its Benji platform to BNB Chain), and Securitize × VanEck (which launched VBILL, which provides exposure to US Treasury bonds).