Tokenized U.S. T-bill funds: 23 products top $100 million each; Circle's USYC leads

ChainCatcher cited Token Terminal data showing that 23 tokenized U.S. Treasury bill (T-bill) funds now each have market capitalizations above $100 million, lifting total tokenized asset value to $13.7 billion. Circle's USYC is the largest T-bill fund, with a $2.9 billion market cap on BNB Chain. On Ethereum, iBENJI (Franklin Templeton), BUILD (BlackRock), and JTRSY (Invesco) follow with market caps of $1.4 billion, $1.2 billion, and $1.1 billion, respectively.