BUIDL Regains Lead in Tokenized U.S. Treasury Market

BlackRock's BUIDL has regained its lead in the tokenized U.S. Treasury market, surpassing Circle's USYC product, according to data cited by Crypto Briefing. BUIDL's assets under management reached approximately $2.8 billion, widening its lead over competitors.

The overall tokenized U.S. Treasury market has grown to $16 billion from $15 billion in recent weeks, reflecting sustained institutional interest in blockchain-based representations of government debt.

BUIDL was launched in March 2024 and offers daily liquidity and yield generation through a blockchain-based format. The fund's market share remains significant despite the influx of new products and capital.