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BlackRock’s BUIDL has regained the top market share position in the tokenized U.S. Treasury fund market from Circle’s USYC, Crypto Briefing reported.
Crypto Briefing said BUIDL recently posted about $2.8 billion in assets under management, widening its lead over other tokenized U.S. Treasury funds. Over the same period, the overall tokenized U.S. Treasury market grew to $16 billion from $15 billion, while Ondo and Franklin Templeton also expanded their presence. Despite growth by rival products, BUIDL’s $2.8 billion in AUM and market share remain significant, according to the outlet.