Catenaa, Wednesday, January 22, 2025 – President Donald Trump Circle announced Tuesday the acquisition of Hashnote, the issuer of the $1.52 billion US Yield Coin (USYC), as part of a strategic initiative to integrate USYC with its stablecoin USDC and boost adoption of tokenized assets.
The acquisition includes a collaboration with DRW’s Cumberland unit, a prominent liquidity provider, aimed at enhancing liquidity for USDC and USYC. This partnership seeks to bridge stablecoin liquidity with yield-generating collateral, expanding utility across traditional and digital finance markets.
USYC, backed by tokenized short-term U.S. Treasury bills, is set to become a preferred collateral option for exchanges, custodians, and brokers, Circle stated.
The company also revealed plans to deploy native USDC on the Canton blockchain network. By leveraging Canton’s privacy configurations, Circle intends to facilitate secure transactions while enabling 24/7 collateral movement across markets.
DRW founder Don Wilson highlighted the significance of this move, emphasizing its potential to unify critical components of both crypto and traditional finance.
This acquisition reflects Circle’s broader push to integrate tokenized financial assets within the digital economy, signaling its commitment to reshaping the financial landscape.
