PANews reported on January 21 that according to CoinDesk, Circle announced the acquisition of Hashnote, the issuer of the $1.3 billion tokenized money market fund USYC, to further expand its layout in the field of stablecoins and asset tokenization. The acquisition aims to integrate USYC with Circle's core stablecoin USDC to achieve the conversion between on-chain cash and yield-generating collateral.

Circle has also reached a cooperation with Cumberland DRW, a crypto market maker, to provide liquidity and settlement support for USDC and USYC. At the same time, Circle plans to introduce USDC to the institutional blockchain platform Canton Network to promote seamless interaction between traditional finance and decentralized markets.