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Tokenized Money Market Funds Will Make The Next Bank Run Look Like SVB In Slow Motion
The Federal Reserve’s April 2023 review of Silicon Valley Bank’s collapse contains a number that has not been pulled into the tokenization debate. SVB lost $42 billion in deposits on March 9, 2023, and another roughly $100 billion was...
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3 Articles
Tokenized Money Market Funds Will Make The Next Bank Run Look Like SVB In Slow Motion
The Federal Reserve’s April 2023 review of Silicon Valley Bank’s collapse contains a number that has not been pulled into the tokenization debate. SVB lost $42 billion in deposits on March 9, 2023, and another roughly $100 billion was...
Circle’s Tokenized Monetary Market Fund, USYC, marked a historic milestone in surpassing $3 billion in assets under management (AUM). With this achievement it remains the largest fund in its category worldwide. The announcement reinforces Circle’s strategy to dominate not only the USDC stablecoins sector, but also the Real World Assets (RWA) ecosystem, allowing institutional investors to obtain U.S. Treasury bond returns directly on blockchain.
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