Circle Leads Tokenized Treasury Market at $2.2B
CW 11 Circle’s tokenized treasury fund reached $2.2B, becoming the largest in the market. The CFTC issued guidance on prediction markets, allowing self-certification under derivatives rules. Lido introduced an EarnUSD vault offering yield strategies for stablecoins.
Circle overtakes BlackRock in tokenized treasuries
Circle's USYC tokenized US Treasury fund has grown to $$2.2 billion, surpassing BlackRock's BUIDL fund to become the largest tokenized treasury product. The broader tokenized treasury market reached a record $$11 billion, driven by strong demand for yield-bearing on-chain assets.
The growth reflects a broader trend of stablecoin issuers expanding beyond payment utilities into yield-generating products. Tokenized treasuries offer a new use case for USDC holders seeking low-risk returns, potentially strengthening Circle's competitive position in the stablecoin market.
See press release: https://www.coindesk.com/markets/2026/03/13/circle-overtakes-blackrock-in-tokenized-treasuries-as-market-hits-record-usd11-billion
CFTC issues guidance on prediction markets
The CFTC has issued long-awaited guidance on prediction markets. Exchanges can self-certify prediction market contracts under existing derivatives rules. Platforms must ensure markets are not easily manipulated and maintain surveillance. Insider trading rules apply to prediction market participants. Contracts tied to assassination, war, or terrorism can be banned as against the public interest.
The CFTC is seeking public comment as it prepares formal rulemaking for the sector.
See announcement: https://www.cftc.gov/PressRoom/PressReleases/9194-26
Lido rolls out EarnUSD vault
Lido, the largest liquid staking protocol, is rolling out an EarnUSD vault, its first stablecoin vault, as part of an effort to consolidate its Earn product line. EarnUSD will allocate users' USDC and USDT tokens into USD-denominated strategies on Ethereum, blending conservative lending positions with selective exposure to higher-performing strategies including RWAs and structured products.
Users will receive an earnUSD token representing their position and earn compounding returns. Lido DAO is deploying $5 million of its treasury assets into the Earn vaults.
See announcement: https://x.com/LidoFinance/status/2032112388015525952
About 1Token:
1Token is a digital asset investment management platform providing Crypto PMS, RMS, and Portfolio Accounting Software, managing over $20 billion in assets for more than 80 clients worldwide.
All-in-one support designed for allocators, portfolio managers, treasury managers and fund operations and accountants, seeking transparency and control.
- Front office (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance.
- Middle office (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend.
- Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.
Comments ()