Tokenized funds now hold $11.39 per $100 in stablecoins, nearly quadrupling in two years
- —Ratio jumped from $2.99 to $11.39 per $100 in stablecoins
- —Total stablecoin market value stands near $300B, dominated by USDT and USDC
- —Circle's USYC holds $2.5–3B, BlackRock's BUIDL $2.2–2.7B
- —JPMorgan estimates tokenized funds at about 5% of the stablecoin ecosystem
Why it matters: The GENIUS Act could bar yield on payment stablecoins while endorsing tokenized funds as reserves, accelerating capital rotation.
Source: Crypto Briefing