Overview
- RWA.xyz data shows USYC supply around $2.2 billion, edging past BUIDL at roughly $2.0 billion.
- The tokenized U.S. Treasury market reached a record above $11 billion, up about 27% since the start of 2026.
- USYC on BNB Chain swelled to about $1.84 billion after Binance enabled the token as off-exchange collateral for institutional derivatives.
- BUIDL’s market share declined to 18% from a 46% peak in May as competition intensified, according to RWA.xyz.
- Tokenized Treasuries offer near-instant settlement, transparent reserves and yield-bearing collateral; Jeremy Allaire touted the trend on X, and Securitize did not respond to a request for comment.