Circle Surpasses BlackRock in $11B Tokenized Treasury Market: USDC Issuer Takes Lead

The market for tokenized U.S. Treasury products has reached a historic milestone, surpassing $11 billion in total value. In a significant shift, Circle Internet Financial, the issuer of the USDC stablecoin, has overtaken financial giant BlackRock to become the largest provider in this rapidly growing sector. This development highlights the accelerating institutional adoption of blockchain technology for traditional finance assets. Circle's treasury offerings, primarily linked to its USDC reserves, have seen substantial inflows, reflecting strong demand for yield-generating digital assets. The record-breaking market size signals deepening integration between cryptocurrency innovations and conventional financial systems, with tokenized Treasuries emerging as a key bridge for institutional capital.