Circle plans to integrate its stablecoin USDC with USDY, which is the largest tokenized treasury and money market fund with a total value locked (TVL) of $900 million. The company aims to bring its Hashnote Tokenized Money Market Fund (TMMF) under Bermuda regulatory oversight via its existing Digital Assets Business Act (DABA) license. This integration is expected to position USDY as the preferred yield-bearing collateral on crypto exchanges. Tokenized real-world assets (RWAs) are also gaining traction, with predictions suggesting a significant market cap by the end of 2024. The overall RWA market is being driven by institutional players working on projects that encompass various goods such as real estate and carbon credits. Ultimately, the article highlights the growth and potential of tokenized assets in blockchain finance.

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