●USYC launches on Horizon, Aave's dedicated RWA market.
Circle announced that the DeFi lending protocol Aave has integrated USYC (Hashnote's US Yield Coin) as onchain collateral. This addition complements Aave's existing support for USDC and EURC, further bridging tokenized real-world assets with decentralized finance liquidity.
[Update 1] USYC has now gone live in Horizon, Aave's dedicated Real World Asset (RWA) market. Concurrently, Circle reports that the USDC supply on Aave V3 on Ethereum has reached a milestone of $5 billion, marking a 138% year-to-date growth. This underscores the stablecoin's dominance as a collateral asset in DeFi protocols.