Circle’s tokenized money market fund USYC launches on Solana, available only to non-U.S. institutional investors

ChainCatcher News, according to the official blog, Circle announced that its tokenized money market fund USYC is now available on the Solana chain. USYC is a tokenized fund share launched by Circle, representing ownership in a short-term US government money market fund and allowing holders to earn yields from the underlying assets.

The official statement emphasized that USYC is only available to eligible non-US institutional investors who have completed KYC/AML and passed wallet whitelist verification, and is a permissioned token. On Solana, USYC can be used as a yield-bearing asset in lending protocols, as margin collateral in perpetual DEXs, or deployed into automated yield vaults. In addition to Solana, USYC previously supported networks such as Base, Ethereum, and NEAR.