Tokenized U.S. Treasury products posted notable market cap growth over the past year, according to data cited by ChainCatcher from Token Terminal. USYC, a product under Circle, led the category with a $2 billion increase in market capitalization, ranking first among comparable assets. iBENJI and USDY followed behind, with market cap gains of $1.7 billion and $1.5 billion, respectively. BlackRock’s BUIDL recorded a $552.5 million increase during the same period, placing fifth in the rankings. The figures highlight the relative expansion of several leading tokenized Treasury products over the last 12 months, based on the dataset referenced in the report.
According to Token Terminal data cited by ChainCatcher, USYC, a tokenized U.S. Treasury product under Circle, added $2 billion in market capitalization over the past year, the highest increase among comparable assets.
iBENJI and USDY followed with market cap growth of $1.7 billion and $1.5 billion, respectively. BlackRock’s BUIDL gained $552.5 million during the same period, ranking fifth.
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