Reported 2 days ago
Hashnote's USYC token has seen remarkable growth, reaching over $1.2 billion in market capitalization and surpassing BlackRock's $450 million BUIDL in the tokenized Treasuries market. This surge is attributed to the growing interconnection between tokenized products and decentralized finance (DeFi) applications, as well as investor demand for yield-generating stablecoins like Usual's USD0, which rewards users with a portion of revenue. The USYC token's backing from real-world assets and the recent USUAL governance token airdrop contributed significantly to this upward momentum.
Source: YAHOO