BlackRock’s BUIDL Reclaims Top Spot In Tokenized Treasury Market
BlackRock’s tokenized U.S. Treasury fund BUIDL has reclaimed the top spot among products of its kind, with market capitalization of about $2.8 billion. According to BeInCrypto, Token Terminal data shows BUIDL now holds about 18.5% of the $15.1 billion tokenized Treasury market, narrowly ahead of Circle’s USYC. USYC briefly overtook BUIDL after rising from about $600 million to nearly $3 billion over the past year, but lost the lead again this week.