The post Circle Expands Crypto Footprint with USYC Launch on Solana Blockchain appeared on BitcoinEthereumNews.com.

TLDR: Circle’s USYC tokenized fund is now live on Solana, offering institutions yield-accruing shares backed by U.S. government assets. USYC accrues yield via token price growth and can redeem directly to USDC for approved non-U.S. institutional investors. Circle confirmed Solana integration enables USYC to be used as collateral in lending, trading, and automated yield vaults. Eligibility restrictions remain as USYC requires KYC, AML, and wallet allow-listing before institutions can access it. The crypto market has lately seen another expansion move from Circle. The company confirmed its tokenized money market fund, USYC, is now live on Solana. This brings an interest-accruing product to one of the fastest blockchain networks.  Institutions that qualify can now redeem, subscribe, and deploy USYC inside Solana-based applications. The development sets the stage for new yield-bearing opportunities in permissioned DeFi environments. USYC Integration Expands to Solana Blockchain According to Circle’s blog, USYC is the onchain version of a short-duration U.S. government money market fund. It redeems directly to and from USDC, with price updates reflecting accrued yield.  Until now, USYC was already available on Ethereum, Base, Canton, and NEAR, with BNB Chain listed as next in line. Circle said the Solana launch makes use of the blockchain’s speed and low-latency confirmations. Developers can integrate USYC as an SPL-native token, with daily price feeds delivered via oracles. This structure enables programs to treat USYC as collateral while maintaining yield accrual in real time. Circle’s account on X, explained that collateral in crypto trading often remains static. USYC aims to change that by giving collateral the ability to generate returns. The token’s price grows with the underlying fund, removing the need for separate distribution of rewards. Eligibility requirements still apply. Circle clarified that USYC is only available to non-U.S. institutional investors who pass onboarding checks. Wallet allow-listing is also…

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Filed under: News - @ October 2, 2025 10:27 am