Circle's tokenized currency market fund USYC has launched on the Solana network, exclusively for 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 U.S. government money market fund and providing access to the returns of the underlying assets.

The official emphasized that USYC is only available to qualified non-U.S. institutional investors who have completed KYC/AML and have been verified through wallet whitelisting, making it a permissioned token. On Solana, USYC can be used as an interest-bearing asset in lending protocols, as collateral in perpetual DEXs, or deployed into automated yield vaults. In addition to Solana, USYC has previously supported networks such as Base, Ethereum, and NEAR.