Coinworld News: On March 13, Circle officially announced that its tokenized money market fund USYC has surpassed $2 billion in assets under management, becoming the world's largest tokenized money market fund. This milestone clearly demonstrates the increasingly widespread adoption of on-chain cash and collateral in global markets. USYC is Circle's tokenized product that converts traditional money market funds through blockchain technology, allowing institutional investors to hold, trade, and manage yield-bearing assets on-chain. The fund primarily invests in short-term US Treasury securities and reverse repurchase agreements backed by US government securities.