Circle's USYC overtakes BlackRock's BUIDL in $10B tokenized Treasury market on Jan. 22

Tokenized US Treasuries exceeded $10 billion in value this week, highlighting their shift from pilot projects to core on-chain infrastructure. As of Jan. 22, Circle's USYC slightly surpassed BlackRock's BUIDL in assets under management, helped by earlier exchange collateral integration, accumulating yield mechanics, and lower minimum investment thresholds. These structural features are driving net inflows toward USYC as institutions seek scalable, yield-bearing collateral within existing crypto workflows.