Since Circle announced the acquisition of the USYC issuer Hashnote, its Assets Under Management has decreased by 76%.
According to a report by Jinse Finance, Tom Wan, the head of data analysis at Entropy Advisors, disclosed on the X platform that Circle announced the acquisition of Hashnote, the issuer of USYC (tokenized money market fund), on January 21, 2025. At that time, the Assets Under Management of USYC was still 1.2 billion dollars.
Currently, the Assets Under Management of USYC has dropped to $285 million, a decrease of 76% since the announcement of the acquisition.