PANews reported on October 1st that Circle announced, according to its official blog, that its tokenized money market fund, USYC, is now available on the Solana blockchain. USYC is a tokenized fund share launched by Circle, representing ownership of a short-term U.S. government money market fund and earning returns from the underlying assets.

Officials emphasized that USYC is only applicable to qualified non-US institutional investors who have completed KYC/AML and passed wallet whitelist verification, and is a licensed token.

On Solana, USYC can be used as an interest-bearing asset in lending protocols, as margin collateral in perpetual DEXs, or deployed in automated yield vaults. In addition to Solana, USYC already supports networks such as Base, Ethereum, and NEAR.