The U.S. money market industry is worth around $7 trillion and, according to stablecoin giant Circle, a growing portion of that will move to the blockchain. That's why the company has decided to acquire a fast-growing crypto startup called Hashnote, which operates a tokenized money market fund that controls around $1.5 billion in assets—Ethereum. It could also provide broader strategic advantages to Circle at a crucial time for the company.
