Circle moves Hashnote's assets to Bermuda to integrate USYC with USDC, improving the interaction between tokenized money markets and stablecoins on crypto exchanges

Circle, the issuer of the stablecoin USDC, announced the transfer of the recently acquired Tokenized Money Market Fund (TMMF) from Hashnote under Bermuda regulation. This step will allow the integration of the largest tokenized money market USYC with USDC, improving the interaction between income-generating assets and the popular stablecoin. As a result, USYC will be available as collateral on cryptocurrency exchanges and with major intermediaries, increasing its liquidity and expanding its use in institutional transactions. The choice of Bermuda is explained by its progressive approach to digital asset regulation, which will strengthen Circle's position in this segment.