#Stablecoins
223 articles tagged #Stablecoins — curated RWA tokenization coverage.
Circle’s Tokenized Money Fund USYC Surpasses $2B In Assets
Circle’s tokenized money market fund, USYC, has officially surpassed $2 billion in assets under management, marking a significant milestone for the firm's blockchain-based financial products. CEO Jeremy Allaire confirmed the rapid growth of the fund, which is specifically designed to provide eligible non-U.S. institutional investors with exposure to traditional money market instruments via blockchain infrastructure. This achievement highlights the broader trend of increasing institutional adoption of tokenized financial products within the digital asset ecosystem. The growth of USYC coincides with a period of record-breaking activity for Circle, as its USDC stablecoin recently dominated market transfer volumes, totaling $1.26 trillion in a single month. Industry data from the Bank for International Settlements and reports from Boston Consulting Group underscore that tokenized assets and stablecoins are expanding rapidly, with real-economy stablecoin payments growing at approximately 60% annually. As the total stablecoin market capitalization hits all-time highs exceeding $313 billion, the success of USYC signals a maturing landscape where traditional finance and blockchain technology increasingly converge. This expansion reflects a shift toward more efficient, on-chain access to traditional yield-bearing assets for institutional participants.
Circle’s EURC Gains Ground Under MiCA as USDC Faces Rising Competition Concerns
Circle Internet Group is leveraging the European Union’s MiCA framework to solidify its position in the digital finance sector, with its euro-pegged EURC stablecoin capturing approximately half of the MiCA-approved market. This regulatory tailwind provides a strategic advantage as non-compliant tokens face delisting, positioning EURC as a critical tool for regional payments and corporate treasury operations. Despite this growth, Circle faces significant market volatility and investor skepticism regarding its ability to convert scale into durable profitability, as evidenced by a negative price-to-earnings ratio and recent earnings misses. The company’s core revenue engine, USDC, also faces potential competitive threats from rumored stablecoin initiatives involving major payments players like Stripe, Visa, and Mastercard. While Circle reported a 20% year-over-year revenue increase to $694.13 million in Q1 2025, its stock performance remains inconsistent, trading significantly below analyst consensus targets. The divergence between Circle’s regulatory success in Europe and its competitive challenges in the U.S. highlights the broader tension in the RWA market between achieving compliance-driven adoption and maintaining long-term earnings power. Ultimately, Circle’s future hinges on its ability to defend its stablecoin distribution rails while navigating a complex, evolving landscape of public and private digital money.
Citibank Experts Forecast the Tokenized Equities Sector to Grow to $5.5T
Citibank analysts project the tokenized securities market could reach a base-case valuation of $5.5 trillion by 2030, with scenarios ranging from $2.6 trillion to $8.2 trillion. This growth is expected to be driven by the tokenization of 10% of the U.S. Treasury market and 3% of U.S. public company shares. Major financial institutions, including the NYSE, Nasdaq, and the Depository Trust & Clearing Corporation (DTCC), are actively preparing for this transition, with DTCC planning initial transaction tests by summer 2026. The integration of stablecoins and deposit tokens is anticipated to facilitate seamless liquidity, with stablecoins alone projected to hit $1.9 trillion in market cap. Regulatory momentum is also building, as the CLARITY framework bill advances through the U.S. Senate toward potential presidential approval. This shift represents a significant evolution in capital markets, moving from traditional settlement processes to near-instantaneous issuance and redemption. Currently, the tokenized U.S. Treasury and equity market stands at $16.5 billion, highlighting the massive scale of the projected expansion.
Citi Predicts Tokenized Securities Market Could Reach $5.5 Trillion by 2030
Citi projects the tokenized securities market will expand significantly from its current $17 billion valuation to $5.5 trillion by 2030. This growth is driven by major financial institutions integrating blockchain technology to enable faster settlements, reduced costs, and 24/7 trading capabilities. Key industry players like the DTCC are already initiating production trades, while Nasdaq and the Intercontinental Exchange are developing frameworks for blockchain-based shares. Stablecoins are expected to serve as a critical bridge in this transition, with a projected market value of $1.9 trillion by 2030. This expansion is anticipated to drive nearly $1 trillion in additional demand for U.S. Treasury bills, which often serve as stablecoin reserves. Citi estimates that 10% of the U.S. Treasury market and 3% of the U.S. stock market could be tokenized within this timeframe. The shift signifies a move from niche experimentation to the integration of blockchain within the core infrastructure of global capital markets.
Visa's Canton Network Stablecoin: How Blockchain Settlement Changes International Travel Fees in 2026
Visa has integrated the Canton Network to facilitate stablecoin-based settlement for international travel payments, aiming to reduce the friction and high costs associated with traditional cross-border transactions. By leveraging blockchain technology, this initiative allows travel merchants and service providers to settle funds in near real-time, bypassing the delays inherent in legacy banking systems. The Canton Network, a privacy-enabled interoperable blockchain ecosystem, serves as the underlying infrastructure to ensure secure and compliant asset transfers. This development marks a significant shift in how global travel payments are processed, potentially saving consumers and businesses substantial amounts in currency conversion and intermediary fees. As major financial institutions continue to adopt distributed ledger technology, this move signals a broader trend toward the institutionalization of stablecoins for everyday commerce. The integration highlights the practical utility of RWA tokenization in streamlining complex, multi-currency financial workflows. Ultimately, this collaboration positions Visa at the forefront of modernizing global payment rails through decentralized network solutions.
Visa and Brale Partner to Test Private Stablecoin Settlement on Canton Network
Visa has partnered with stablecoin infrastructure firm Brale to test privacy-enabled, blockchain-based settlement for institutional payment flows. The collaboration utilizes Brale’s U.S. dollar-backed stablecoin, SBC, deployed on the Canton Network to evaluate its potential for faster and more programmable financial transactions. By leveraging the Canton Network’s specific privacy architecture, the initiative aims to allow financial institutions to maintain strict control over sensitive transaction data, addressing a primary barrier to public blockchain adoption. This proof of concept builds upon Visa’s existing blockchain strategy, which began in 2021 with the integration of stablecoin settlement capabilities into its broader payment infrastructure. The project highlights a significant shift toward institutional-grade, compliant blockchain solutions that balance the efficiency of distributed ledgers with the confidentiality requirements of global finance. As Visa continues to position stablecoins as a next-generation settlement layer, this collaboration serves as a practical testing ground for scalable, programmable payment alternatives. The move underscores the growing demand for infrastructure that satisfies both regulatory standards and operational privacy needs within the evolving RWA and digital asset ecosystem.
Franklin Templeton Partners with MoonPay to Connect BENJI with Stablecoin Markets
Franklin Templeton has partnered with MoonPay to integrate its BENJI tokenized money market fund with MoonPay’s enterprise-focused onchain execution platform, MoonPay Trade. This collaboration enables qualified institutional clients to seamlessly exchange popular stablecoins, specifically USDC and USDT, for exposure to Franklin Templeton’s blockchain-based money market vehicles. By merging the Benji Technology Platform with MoonPay’s unified API, the integration simplifies liquidity operations, collateral management, and portfolio adjustments for corporate users. This development marks a significant step in embedding regulated, tokenized cash-management solutions directly into broader cryptocurrency ecosystems. As Franklin Templeton manages approximately $1.74 trillion in assets, the move highlights the growing institutional demand for efficient, blockchain-native financial instruments. The partnership effectively bridges the gap between cash-equivalent stablecoins and interest-generating fund products, reinforcing BENJI's utility as a compliant treasury tool. Ultimately, this integration demonstrates the ongoing evolution of institutional onchain infrastructure and the increasing adoption of tokenized assets for routine financial operations.