Circle, the company behind the USDC stablecoin, has acquired tokenized real-world asset issuer Hashnote. The acquisition will integrate USYC with USDC, allowing for convertibility between cash and yield-bearing collateral on blockchains. Circle's CEO sees this as a significant step in aligning traditional financial structures with the transparency and speed of blockchain-based markets. The acquisition highlights the connection between stablecoins and tokenization. Circle has also partnered with Cumberland to provide liquidity for USDC and USYC and has plans to deploy USDC on the Canton Network.



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