Tokenized U.S. Treasuries surge 2.5 times in a year
Tokenized U.S. Treasuries surged nearly 2.5 times in a year, from $6.51 billion on July 20, 2025, to $15.92 billion, per rwa.xyz. Ethereum leads with $7.1 billion, followed by BNB Chain at $4.6 billion. Major issuers include Circle's USYC at $2.95 billion and BlackRock's fund at $2.61 billion.
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