Circle acquires Hashnote, the largest issuer of tokenized US Treasury bonds with over 1.3 billion USYC tokens, to integrate with USDC and simplify transactions 💰

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Circle, the creator of the stablecoin USDC, has acquired Hashnote, a company that issues tokenized assets. Hashnote manages 1.3 billion USYC tokens, the largest product of tokenized US Treasury bonds. Circle plans to link USYC with USDC, making it easier to exchange cash for yield-bearing assets. The company is also working with Cumberland to make USYC a popular collateral on exchanges. Additionally, USDC will be integrated into the Canton Network to simplify transactions between decentralized and traditional markets.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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