Ondo's USDY overtakes Circle's USYC to lead tokenized US Treasuries market
- —USDY at $2.37B vs USYC at $2.373B — a gap of just $686K
- —BlackRock's BUIDL third at $2.17B
- —Ondo's platform across 11 products totals about $3B
- —Total tokenized US Treasury market at $14.65B
Why it matters: The leadership change shows competition in tokenized Treasuries now hinges on hundreds of thousands of dollars rather than structural gaps.
Source: TokenPost