Circle brings its tokenized treasury fund USYC to Solana

Stablecoin issuer Circle on Wednesday expanded the availability of its tokenized money market fund, USYC, to the Solana blockchain. The firm said the token represents shares in a short-duration U.S. government TMMF. USYC can be redeemed for USDC, Circle’s dollar-backed stablecoin, in real-time. The token is also currently available only to non-U.S. institutional investors who pass know-your-customer (KYC) checks. Circle aims to expand USYC beyond other blockchains USYC is now available on @solana ! USYC is a tokenized money market fund that accrues yield via token price increases and redeems to/from USDC onchain. Daily pricing. SPL-native integration. Oracle-driven updates. Collateral...