Circle is strengthening its presence in Bermuda via acquiring a tokenized money market Hashnote.
Hashnote's Tokenized Money Markets
Hashnote, the issuer of the tokenized money market USYC, manages assets worth $990 million. Unlike traditional money markets, USYC is based on blockchains, allowing investors to trade shares.
Bridge Between USYC and USDC
Circle plans to integrate USYC with its stablecoin USDC, which is expected to boost the use of digital currency and increase liquidity in the markets.
Circle's Institutional Partnerships Expansion
Circle is also focusing on enhancing its institutional partnerships within the tokenized economy. In January 2025, the company announced the launch of USDC and USYC on the Canton Network blockchain for trading real-world assets.
Circle advances in tokenized financial services, strengthening its position in international business markets.
