---
title: "Circle overtakes BlackRock in tokenized Treasuries as market hits record $11 billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279085743.md"
description: "Circle's USYC token has surpassed BlackRock's BUIDL fund, becoming the largest tokenized U.S. Treasury product with a supply of approximately $2.2 billion. This growth is largely attributed to its integration on BNB Chain, where Binance has introduced it as off-exchange collateral for institutional derivatives trading. The overall market for tokenized U.S. Treasuries has reached a record $11 billion, reflecting a 27% increase this year, driven by investor demand for yield amid the crypto downturn."
datetime: "2026-03-13T19:55:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279085743.md)
  - [en](https://longbridge.com/en/news/279085743.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279085743.md)
---

# Circle overtakes BlackRock in tokenized Treasuries as market hits record $11 billion

-   Circle's USYC token has become the largest tokenized U.S. Treasury product, with about $2.2 billion in supply, overtaking BlackRock's BUIDL fund.
-   Much of USYC's recent growth is tied to its use on BNB Chain, with Binance introducing the token as off-exchange collateral for institutional derivatives trading.
-   The overall market for tokenized U.S. Treasuries has surged to a fresh record of over $11 billion, up 27% this year, fueled by investor demand for yield and a place to park capital during the crypto downturn.

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