Securitize, Blackrock's BUIDL tokenization partner, became the first real asset (RWA) issuer backed by Treasury bonds to cross the $1 billion mark. March 13.
But #Ondo was just a day behind, issuing its two tokens, OUSG and USDY, which together crossed the $1 billion mark on March 14.
The rapid rise of tokenized Treasuries to $4.4 billion.
Neither Securitize nor Ondo was the first to break the $1 billion mark, it was Hashnote's USYC, which fell from $1.8 billion on Jan. 5 to $868 million on March 13, tracking the USD0 stealthcoin's market capitalization.
This sharp drop came after changes to the redemption mechanism of USD0, a four-year old version of the steiblecoin. USYC is the main underlying asset of the stablecoin, and it fell with it.
the issuer of the #USDC stablecoin, Circle acquired Hashnote in January, planning to integrate USYC with USDC.
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BUIDL from BlackRock and Ondo Management hit $1B in capitalization, tokenized bonds peak.
Securitize, Blackrock's BUIDL tokenization partner, became the first real asset (RWA) issuer backed by Treasury bonds to cross the $1 billion mark. March 13.
But #Ondo was just a day behind, issuing its two tokens, OUSG and USDY, which together crossed the $1 billion mark on March 14. The rapid rise of tokenized Treasuries to $4.4 billion. Neither Securitize nor Ondo was the first to break the $1 billion mark, it was Hashnote's USYC, which fell from $1.8 billion on Jan. 5 to $868 million on March 13, tracking the USD0 stealthcoin's market capitalization. This sharp drop came after changes to the redemption mechanism of USD0, a four-year old version of the steiblecoin. USYC is the main underlying asset of the stablecoin, and it fell with it. the issuer of the #USDC stablecoin, Circle acquired Hashnote in January, planning to integrate USYC with USDC. Read us at: Compass Investments #GlobalCrypto #CompassInvestments #transscreen.ru