USYC builds AUM as tokenized Treasuries find exchange use

Does data verify 41% growth and ‘largest tokenized U.S. Treasury fund’?

The claim states USYC market capitalization rose over 41% in 30 days and that it is now the largest tokenized u.S. Treasury fund. Verifying this requires time-stamped figures from accountable disclosures and independent trackers.

As reported by Cointelegraph Research, late-2025 leaderboards frequently placed blackrock buidl as the largest or among the top tokenized Treasury funds. A 30-day, +41% surge for USYC has not been corroborated by those materials, and standings can change quickly.

Why clarity on AUM vs market cap matters to rankings

Market capitalization for a tokenized fund generally reflects circulating, on-chain shares at a point in time. Assets under management (AUM) reflects the underlying portfolio value, often reported at quarter-end or in periodic updates.

Rankings can diverge depending on whether sources compare market cap snapshots or AUM, and on which date window is used. A 30-day growth rate can look large while quarterly disclosures lag or vice versa.

As reported by The Motley Fool’s earnings transcript covering Q4 2025, USYC assets were approximately $1.5 billion at quarter-end and grew to about $1.7 billion shortly after, with 111% quarter-over-quarter growth since its Q3 2025 relaunch. These figures indicate accelerating institutional uptake even without a verified 30-day, +41% metric.

“USYC … has grown strongly since Q3 … With the relaunch of USYC, we’ve seen accelerating growth driven by demand for USYC as collateral on leading exchanges … USYC assets ended the year at approximately $1.5 billion and have continued to grow to now over $1.7 billion in assets since quarter end,” said Jeremy Allaire, CEO and Chairman at Circle.

Collateral acceptance reinforces adoption pathways. As reported by Benzinga, Binance now accepts USYC as yield-bearing collateral for institutional clients, a use case that can expand balances without necessarily changing relative market-cap rankings day to day.

Comparisons with BlackRock BUIDL hinge on synchronized timestamps and consistent definitions. Without aligned methodologies, a fund can appear largest on one tracker while another still shows BUIDL ahead or effectively tied.

How to verify USYC market capitalization in real time

Trusted dashboards and official disclosures

Based on data from RWA.xyz dashboards, market-size trackers aggregate on-chain balances for tokenized Treasuries across issuers and chains. Issuer press materials and earnings transcripts provide authoritative AUM updates and product definitions to contextualize circulating supply.

Major financial media and research outlets with documented methodologies can help reconcile conflicts between on-chain snapshots and periodic disclosures. Cross-referencing a live dashboard with an issuer’s latest filing reduces misinterpretation risk.

Methodology notes and update cadence

Confirm whether a figure is a circulating market cap snapshot or AUM, and note the timestamp. Dashboards often poll balances intraday, while issuer updates are periodic and may reflect end-of-day or quarter-end positions.

When assessing growth claims such as “41% in 30 days,” specify the start and end dates and whether inflows were on-chain issuances, off-chain subscriptions pending tokenization, or redemptions that later settled on-chain.

FAQ about USYC market capitalization

Is USYC currently the largest tokenized U.S. Treasury fund compared to BlackRock’s BUIDL?

Not verified. Late-2025 research often showed BlackRock BUIDL leading. Standings move quickly and depend on synchronized, like-for-like measurements.

What is USYC’s latest AUM and how has it trended since the Q3 2025 relaunch?

Latest disclosed figures indicate mid–$1 billion AUM with triple-digit quarter-over-quarter growth since relaunch. See figures above for the Q4 2025 and post-quarter context.