According to CoinMeta, data from Token Terminal shows that USYC, under Circle, has seen a market value increase of $2 billion in the past year, ranking first in the tokenized U.S. Treasury market. Among other tokens, Ibenji and USDY have grown by $1.7 billion and $1.5 billion respectively, while BlackRock's BUIDL has increased by $552.5 million during the same period, ranking fifth.