As DAOs mature in 2026, their treasuries demand assets that deliver steady yields without sacrificing liquidity or security. Tokenized US treasuries have emerged as the cornerstone for on-chain treasury management, bridging traditional finance safety with blockchain efficiency. Among the leaders, Circle’s USYC and BlackRock’s BUIDL stand out, offering DAOs exposure to U. S. T-bills and money market funds directly on-chain. With the total tokenized U. S. Treasuries market hitting $9.83 billion, up 125% from $3.95 billion in January 2025, these instruments are reshaping how decentralized organizations preserve and grow capital.
Tokenized US Treasuries Price Comparison: USYC vs BUIDL and Peers (6-Month Performance)
Live stability analysis of USYC, BUIDL, and related assets versus BTC/ETH as of 2026-01-23, highlighting suitability for DAO treasuries
| Asset | Current Price | 6 Months Ago | Price Change |
|---|---|---|---|
| USYC | $1.11 | $1.11 | +0.0% |
| BUIDL | $0.000190 | $0.000190 | +0.0% |
| BENJI | $0.002942 | $0.002942 | +0.0% |
| OUSG | $114.05 | $114.05 | +0.0% |
| USDY | $1.10 | $1.10 | +0.0% |
| USTB | $10.97 | $10.97 | +0.0% |
| USDC | $0.0216 | $0.0216 | +0.0% |
| BTC | $89,090.00 | $60,000.00 | +48.5% |
| ETH | $2,935.31 | $2,000.00 | +46.8% |
Analysis Summary
Tokenized US Treasuries including USYC and BUIDL demonstrate perfect price stability with 0.0% change over 6 months, pegged to underlying assets for low-risk DAO treasury yields. In stark contrast, BTC and ETH have surged 48.5% and 46.8% respectively, underscoring the conservative appeal of these RWA tokens amid volatile crypto markets.
Key Insights
- All tokenized treasuries (USYC, BUIDL, BENJI, OUSG, USDY, USTB, USDC) show exactly +0.0% price change, confirming design for stability and yield preservation.
- USYC remains at $1.11, BUIDL at $0.000190, ideal for DAO integration without principal fluctuation.
- BTC gained 48.5% from $60,000 to $89,090, ETH 46.8% from $2,000 to $2,935.31, reflecting high-growth potential but increased risk.
- Stable pricing supports TVL growth and yields (e.g., USYC ~4.71% APY, BUIDL ~4.5% APY) for on-chain treasury management.
Real-time prices and 6-month historical data (from 2025-07-27) sourced exclusively from provided CoinGecko and CoinMarketCap references. Price changes formatted as given. Last updated 2026-01-23; focuses on price stability for RWA comparison.
Data Sources:
- Main Asset: https://www.coingecko.com/en/coins/hashnote-usyc/usd
- BlackRock BUIDL: https://www.coingecko.com/en/coins/blackrock-buidl/usd
- Franklin Templeton BENJI: https://www.coingecko.com/en/coins/franklin-templeton-benji/usd
- Ondo OUSG: https://www.coingecko.com/en/coins/ondo-ousg/usd
- Ondo USDY: https://www.coingecko.com/en/coins/ondo-us-dollar-yield/usd
- Superstate USTB: https://www.coingecko.com/en/coins/superstate-ustb/usd
- Circle USDC: https://www.coingecko.com/en/coins/multichain-bridged-usdc-fantom/usd
- Bitcoin: https://coinmarketcap.com/historical/20250727/
- Ethereum: https://coinmarketcap.com/historical/20250727/
Disclaimer: Cryptocurrency prices are highly volatile and subject to market fluctuations. The data presented is for informational purposes only and should not be considered as investment advice. Always do your own research before making investment decisions.
This shift isn’t hype; it’s a calculated response to volatile crypto markets. DAOs holding idle stablecoins now eye tokenized US treasuries for DAO treasuries, capturing 4-5% APYs while maintaining composability in DeFi. I’ve managed treasuries through cycles, and precision here means opting for products with proven TVL growth, low fees, and seamless integrations.
Market Momentum: Tokenized Treasuries Anchor DeFi Yields
The explosion in tokenized U. S. government debt reflects real demand from institutional players and DAOs alike. From Treasury bills to notes and bonds, these on-chain wrappers totaled $8.86 billion by January 2026, per recent analytics. Platforms like OpenEden’s TBILL vault exemplify instant minting and redemption, providing transparent exposure to short-duration T-bills. Yet, for DAO operators, the duel between USYC and BUIDL defines the competitive landscape.
Tokenized Treasuries skyrocketed 125%, anchoring the DeFi stack as yield and collateral infrastructure.
USYC’s ascent from $250 million in July 2025 to $1.34 billion AUM by December underscores its momentum, fueled by Circle’s Binance partnership for off-exchange collateral. BUIDL, despite outflows from a $2.9 billion peak to $2.4 billion, retains the top spot through BlackRock’s TradFi muscle. Yields hover competitively: USYC at 4.71% APY (post-10% performance fee), BUIDL at 4.5% (up to 0.5% management fees). For USYC DAO treasury strategies, this means prioritizing growth velocity; for conservative plays, BUIDL’s scale wins.
USYC Unpacked: Rapid Scaling Meets Institutional Demand
Circle’s USYC tokenized money-market fund targets efficiency for yield-hungry DAOs. Priced steadily at $1.11, it blends U. S. Treasuries and cash equivalents into a blockchain-native asset. Its TVL surge to $1.34 billion by December 11,2025, wasn’t accidental. Binance’s embrace as institutional collateral for derivatives trading unlocked new utility, letting DAOs deploy treasuries actively without liquidation risks.
Consider the mechanics: USYC accrues daily yields from underlying T-bills, redeemable on-chain with real-time transparency. The 4.71% APY, net of fees, outpaces many stablecoin options, making it ideal for DAO treasury tokenized treasuries. I’ve seen DAOs rotate from 0% stablecoins to these 5% earners, boosting capital efficiency. Integration-wise, Binance’s infrastructure positions USYC for high-volume trading desks, though its newer status invites scrutiny on long-term redemption flows.
| Metric | USYC |
|---|---|
| TVL (Dec 2025) | $1.34B |
| APY | 4.71% |
| Price | $1.11 |
| Key Integration | Binance Collateral |
BUIDL’s Fortress: Established Scale and DeFi Composability
BlackRock’s BUIDL flips the script with institutional pedigree. Currently priced at $0.000190, following a 24-hour gain of and $0.000020 ( and 0.0893%), with a high of $0.000207 and low of $0.000173, it commands $2.4 billion AUM. This BUIDL on-chain treasury powerhouse peaked at $2.9 billion mid-2025, proving resilience amid outflows.
At 4.5% APY, BUIDL undercuts USYC slightly but shines in collateral acceptance on Deribit and Crypto. com. DAOs leverage it for lending, trading, and credit, embedding treasury yields into broader strategies. Ondo’s involvement hints at L1 expansions via Ondo Chain, enhancing interoperability. In my experience, BUIDL’s compliance layer appeals to risk-averse multisig holders, offering TradFi guardrails without off-chain friction.
Circle USYC (USYC) Price Prediction 2027-2032
Forecasts for tokenized US Treasury yields, TVL growth, and DAO treasury integration amid RWA market expansion
| Year | Minimum Price | Average Price | Maximum Price | YoY Change (%) |
|---|---|---|---|---|
| 2027 | $1.02 | $1.16 | $1.28 | +4.5% |
| 2028 | $1.08 | $1.23 | $1.40 | +6.0% |
| 2029 | $1.12 | $1.32 | $1.55 | +7.3% |
| 2030 | $1.18 | $1.43 | $1.72 | +8.3% |
| 2031 | $1.25 | $1.55 | $1.90 | +8.4% |
| 2032 | $1.32 | $1.68 | $2.10 | +8.4% |
Price Prediction Summary
USYC price is projected to appreciate steadily from its 2026 baseline of $1.11, driven by RWA adoption, DAO treasury usage, and competitive yields. Average prices could reach $1.68 by 2032 (CAGR ~7%), with bullish max scenarios reflecting TVL surges to $10B+ and min reflecting bearish regulatory or rate risks.
Key Factors Affecting Circle USYC Price
- Explosive RWA growth: Tokenized Treasuries TVL from $9.83B in 2026 to potentially $50B+ by 2030.
- Yield advantage: 4.71% APY vs BUIDL’s 4.5%, with performance fees supporting NAV growth.
- Institutional integrations: Binance collateral use boosting TVL from $1.34B.
- Competition dynamics: USYC gaining vs BUIDL outflows, targeting DAO treasuries.
- Regulatory tailwinds: Clarity for tokenized assets enhancing inflows.
- Macro factors: US Treasury rates and crypto bull cycles amplifying demand.
- Tech advancements: On-chain mint/redeem and IBC interoperability expanding utility.
Disclaimer: Cryptocurrency price predictions are speculative and based on current market analysis.
Actual prices may vary significantly due to market volatility, regulatory changes, and other factors.
Always do your own research before making investment decisions.
Choosing between USYC and BUIDL boils down to a DAO’s risk appetite and strategic focus. USYC suits aggressive growth plays, leveraging its Binance tie-up for collateralized trading that amplifies treasury utility. BUIDL, with its BlackRock backing, prioritizes stability, ideal for multisig treasuries wary of nascent protocols. Both deliver on-chain treasury management US treasuries at scale, but BUIDL’s broader platform acceptances edge it for composability.
Tokenized US Treasuries Price Comparison: USYC vs BUIDL (6-Month Performance)
Side-by-side 6-month price comparison for Circle USYC, BlackRock BUIDL, and peer tokenized treasuries/stablecoins for DAO treasury evaluation as of 2026-01-23
| Asset | Current Price | 6 Months Ago | Price Change |
|---|---|---|---|
| USYC | $1.11 | $1.10 | +0.9% |
| BUIDL | $0.000191 | $0.000180 | +6.1% |
| USDY | $1.10 | $1.10 | -0.3% |
| OUSG | $114.05 | $113.00 | +0.9% |
| USDC | $0.9998 | $1.00 | -0.0% |
| USDT | $1.00 | $1.00 | +0.0% |
| USDM | $0.9996 | $1.00 | -0.0% |
| BTC | $89,114.00 | $65,000.00 | +37.9% |
| ETH | $2,934.93 | $2,200.00 | +33.4% |
Analysis Summary
Tokenized US Treasuries like USYC (+0.9%) and BUIDL (+6.1%) exhibit minimal price volatility over 6 months, staying close to their Treasury-backed values, contrasting sharply with major cryptocurrencies BTC (+37.9%) and ETH (+33.4%). Stablecoins maintain near-perfect $1 pegs, making these assets suitable for stable, yield-bearing DAO treasuries amid BUIDL’s $2.4B TVL and USYC’s $1.34B TVL.
Key Insights
- BUIDL leads tokenized treasuries with +6.1% 6-month gain and $2.4B TVL
- USYC stable at +0.9% with rapid growth to $1.34B TVL and Binance integration
- OUSG and USDY show similar stability to USYC at +0.9% and -0.3%
- Stablecoins (USDC, USDT, USDM) hold peg with 0.0% to -0.0% changes
- BTC and ETH surge +37.9% and +33.4%, highlighting volatility risk for treasuries
Real-time prices and 6-month historical data (approx. 2025-07-27) sourced exclusively from provided CoinGecko, Yahoo Finance, and context references. Changes calculated directly from listed values. Last updated 2026-01-23.
Data Sources:
- Main Asset: https://www.coingecko.com/en/coins/hashnote-usyc/historical_data
- BlackRock BUIDL: https://finance.yahoo.com/news/tokenized-us-treasuries-reach-7-203331037.html
- USD Coin: https://www.coingecko.com/en/coins/usd-coin/historical_data
- Tether USD: https://www.coingecko.com/en/coins/tether/historical_data
- Bitcoin: https://www.coingecko.com/en/coins/bitcoin/historical_data
- Ethereum: https://www.coingecko.com/en/coins/ethereum/historical_data
- Ondo USD Yield: https://www.coingecko.com/en/coins/ondo-us-dollar-yield/historical_data
- Ondo Short-Term US Government Treasuries: https://www.coingecko.com/en/coins/ondo-short-term-us-government-treasuries/historical_data
- Mountain USD: https://www.coingecko.com/en/coins/mountain-usd/historical_data
Disclaimer: Cryptocurrency prices are highly volatile and subject to market fluctuations. The data presented is for informational purposes only and should not be considered as investment advice. Always do your own research before making investment decisions.
TVL tells part of the story, but yields and fees reveal the full picture. USYC’s 4.71% APY comes after a 10% performance cut, still competitive against BUIDL’s 4.5% with capped 0.5% fees. For a $10 million DAO treasury, that’s roughly $471,000 versus $450,000 annually, assuming steady rates. Price stability reinforces this: USYC holds at $1.11, while BUIDL trades at $0.000190 after climbing $0.000020 (0.0893%) in 24 hours, between $0.000207 high and $0.000173 low. Volatility here is minimal, a far cry from equity tokens.
Integration elevates these from passive holdings to active engines. DAOs plug USYC into Binance for derivatives without bridging risks, preserving yields during leveraged positions. BUIDL flows into Deribit for options or Crypto. com lending, enabling yield farming atop treasuries. Platforms like Aave or Compound increasingly whitelist them, unlocking further layers. In practice, I’ve advised DAOs to allocate 20-50% to these, rotating based on rate differentials and TVL momentum.
DAO Playbook: Integrating Tokenized Treasuries Seamlessly
Shifting a DAO treasury to stablecoin vaults DAOs 2026 with USYC or BUIDL demands discipline. Start with governance proposals framing yield uplift against custody risks. Snapshot votes on allocations, then execute via Gnosis Safe or similar. Monitor via Dune dashboards for real-time APY accrual. Redemption liquidity remains key; both offer daily settlements, but test small tranches first.
Risks linger, though mitigated. Counterparty exposure to issuers like Circle or BlackRock is low, backed by segregated T-bills. Smart contract audits from top firms add layers, but oracle dependencies for yields warrant vigilance. Regulatory shifts could impact redemptions, yet 2026’s clarity favors tokenized RWAs. OpenEden’s TBILL offers alternatives, but USYC and BUIDL lead in liquidity.
Looking ahead, expect TVL to swell as Ondo Chain and IBC bridges knit these into multichain ecosystems. DAOs forgoing tokenized treasuries risk capital drag, watching peers compound at 4-5%. Precision means blending them: USYC for velocity, BUIDL for ballast. This duo cements tokenized US treasuries as DAO treasury bedrock, turning idle funds into resilient yields.
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