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Just noticed Circle has moved ahead of BlackRock in the tokenized Treasuries space. The whole market just hit $11 billion, which is pretty wild considering where this was even a year ago. Tokenized treasury funds are becoming a real thing now, not just hype.
What's interesting is how fast this segment is growing. We're seeing institutional players getting serious about on-chain Treasuries, and it's changing the competitive landscape. Circle's been positioning itself well in this corner of the market.
The treasury funds narrative is definitely picking up steam. If this momentum continues, we could see even bigger numbers by end of year. Worth keeping an eye on how the major players compete for share in this space.