Circle Announces Acquisition of Hashnote and USYC Tokenized Money Market Fund Alongside Strategic Partnership with Global Trading Firm DRW

author by Canton January 21, 2025

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DAVOS, SWITZERLAND; NEW YORK — January 21, 2025 — Today, Circle Internet Group, Inc. a global financial technology company and stablecoin market leader, announced its acquisition of Hashnote – the issuer of USYC incubated by Cumberland Labs – which according to 3rd-party analysts RWA.xyz is the largest tokenized treasury and money market fund in the world, with $1.52B deployed into USYC as of January 15, 2025.