Circle USYC Tokenized Treasuries on BNB Chain Pushes Market Past $10 Billion Milestone
The tokenized treasuries market has crossed a pivotal threshold, surpassing $10.13 billion in total value as of January 24,2026. This milestone, tracked by RWA. xyz, reflects a 7.6% weekly surge and signals deepening integration of U. S. government debt into blockchain ecosystems. Circle’s USYC tokenized treasuries on BNB Chain played a starring role, propelling the asset class forward with its recent expansion and overtaking BlackRock’s BUIDL as the largest product by assets under management.
From a macro perspective, this growth underscores a structural shift in fixed-income markets. Traditional treasuries, long the bedrock of global portfolios, are shedding their analog constraints. Tokenization brings 24/7 accessibility, fractional ownership, and programmable yield, attracting institutions wary of crypto’s volatility but drawn to sovereign-backed stability. Weekly gains of 7.59% in products like USYC and BUIDL reveal not just hype, but tangible demand from yield-hungry investors navigating persistent rate uncertainty.
Breaking Down the Leaders in Tokenized Treasuries Growth
Circle’s USYC now holds $1.69 billion in assets, edging out BlackRock’s BUIDL at $1.68 billion. Ondo’s USDY also contributed significantly to the rally. This competitive landscape highlights how tokenized treasuries are evolving beyond niche experiments into scalable alternatives for cash management and collateral.
Top Tokenized U.S. Treasuries by AUM (as of Jan 2026)
| Rank | Token | Issuer | AUM | Weekly Growth % & Chains |
|---|---|---|---|---|
| 1 🚀 | USYC | Circle | $1.69B | +Significant (big winner); BNB Chain, Ethereum, Stellar |
| 2 | BUIDL | BlackRock | $1.68B | Ethereum (assumed stable) |
| 3 | USDY | Ondo | N/A | +Significant (big winner); Multiple chains |
| Total | – | – | $10.13B | +7.6%; Ethereum, BNB Chain, Stellar |
Such dominance shifts challenge incumbents. BlackRock’s entry via BUIDL validated the space, blending TradFi credibility with on-chain efficiency. Yet USYC’s ascent demonstrates Circle’s edge in stablecoin infrastructure and multi-chain strategy. For macro strategists, this rivalry fosters innovation, potentially compressing yields as liquidity pools deepen.
USYC’s Strategic Deployment on BNB Chain
Deploying USYC on BNB Chain marked the tipping point. This move enables developers to deploy it as yield-bearing collateral in DeFi protocols, unlocking near-instant USDC settlements. Binance’s institutional clients can now collateralize derivatives trades off-exchange with USYC, bridging CeFi liquidity to blockchain rails.
BNB Chain’s low fees and high throughput make it ideal for t-bill tokens, contrasting Ethereum’s congestion. This expansion across Ethereum, BNB, and Stellar networks diversifies risk and amplifies reach. Institutional interest peaks here: tokenized treasuries offer RWA treasuries growth with DeFi composability, turning static bonds into dynamic assets.
Consider the broader implications for global interest rate trends. With U. S. debt issuance ballooning amid fiscal deficits, tokenization democratizes access while enhancing transparency via blockchain audits. Retail investors gain entry without high minimums, yet institutions benefit from programmable money markets. USYC on BNB Chain exemplifies how Circle tokenized US treasuries catalyze this fusion, pushing tokenized treasuries 10 billion into reality.
Institutional Capital Flows Reshaping Fixed-Income Paradigms
Markets Media and Binance reports frame this as the “next stage of scale. ” Arkham Research notes a 7% TVL jump last week, with USYC and USDY leading. Cryptopolitan emphasizes peaking institutional appetite, blending individual enthusiasm with professional-grade products.
This isn’t mere speculation; it’s a response to macro pressures. Elevated short-term rates persist, making treasuries attractive for parking capital. Tokenization adds layers: atomic swaps, automated yield farming, and cross-chain portability. For sovereign debt watchers, USYC BNB Chain integration signals BNB’s maturation as an RWA hub, rivaling Ethereum’s dominance.
Yahoo Finance captures the drama: Circle temporarily flips BlackRock, a symbolic win for crypto-native firms. Yet sustainability hinges on regulatory clarity and redemption mechanisms. As tokenized treasuries mature, expect tighter spreads and broader adoption, redefining liquidity in public markets.
Looking ahead, this surge prompts questions about sustainability. Tokenized treasuries must navigate custody standards, oracle reliability for yields, and interoperability across chains. Yet the momentum feels resilient, buoyed by Circle’s stablecoin dominance and BNB Chain’s developer ecosystem. For institutional allocators, t-bill tokens BNB like USYC offer a hedge against rate volatility, with on-chain transparency trumping opaque prime funds.
Key Milestones in the Tokenized Treasuries Surge
These milestones illustrate a compressed adoption curve, far outpacing early stablecoin trajectories. RWA. xyz data confirms the weekly 7.6% climb to $10.13 billion, with USYC’s BNB deployment as the catalyst. This isn’t isolated; it’s part of a multi-chain renaissance, where Stellar and Ethereum complement BNB’s speed for RWA treasuries growth.
From a global macro lens, tokenized U. S. Treasuries recalibrate power dynamics in fixed income. Sovereign debt, now digitized, erodes intermediaries’ moats. Banks and money market funds face programmable rivals that settle instantly, yield automatically, and collateralize seamlessly. Circle’s USYC, with its $1.69 billion war chest, exemplifies this: developers build lending protocols around it, amplifying capital velocity in DeFi. Binance’s off-exchange use case further embeds it in derivatives, where traditional collateral struggles with T and 1 lags.
Ondo’s USDY and BlackRock’s BUIDL, at competitive scales, ensure no single player monopolizes. This oligopoly drives quality: audited reserves, daily redemptions, and compliance wrappers appeal to pension funds scouting beyond ETFs. Weekly TVL jumps signal rotation from low-yield cash equivalents, especially as Fed policy wavers amid fiscal expansion. U. S. debt at $36 trillion demands efficient markets; tokenization delivers, fractionating bills for retail while scaling for whales.
Strategic Implications for Portfolio Construction
Investors should view this through a risk-adjusted prism. Tokenized treasuries yield 4-5% with sovereign backing, but smart contract vulnerabilities linger. Diversify across issuers: pair USYC’s multi-chain agility with BUIDL’s TradFi pedigree. For macro trades, they shine as duration proxies, hedging equity drawdowns without FX noise.
| Product | AUM | Weekly Growth | Key Chains |
|---|---|---|---|
| USYC (Circle) | $1.69B | and 15% | BNB, ETH, Stellar |
| BUIDL (BlackRock) | $1.68B | and 5% | ETH |
| USDY (Ondo) | $1.2B | and 12% | Multiple |
| Total Market: $10.13B ( and 7.6% WoW) | |||
BNB Chain’s role merits emphasis. Low gas fosters experimentation, positioning it as a t-bill hub. USYC here unlocks composability: borrow against it in perpetuals, farm yields in vaults, or swap atomically. This fluidity draws institutions fleeing high-fee environments, accelerating tokenized treasuries 10 billion scale.
Challenges persist, from SEC scrutiny to yield curve inversions. But the trajectory points upward. As deficits swell and rates plateau, tokenized products like Circle tokenized US treasuries become indispensable for efficient frontiers. What starts on BNB Chain ripples globally, forging a hybrid market where public blockchains underpin public debt. The $10.13 billion mark is no peak; it’s a launchpad for trillions in digitized fixed income, reshaping how we fund the future.
