According to data from rwa.xyz, the market capitalization of the asset management company Hashnote's USYC token has grown fivefold in the past three months, exceeding $1.2 billion, making it the largest tokenized U.S. Treasury product, surpassing BlackRock's and Securitize's BUIDL. Its growth is mainly attributed to the rapid rise of the decentralized finance protocol Usual and its supported stablecoin USD0, with USYC being the primary supported asset. Additionally, the Usual protocol has attracted a large number of investors by redistributing yields and protocol ownership back to users, driving its rapid growth. (CoinDesk)