Circle USYC
Peers · Tokenized Money Market Fund
AVG 3.27% · BENCH 2.00%| TICKER | ISSUER | YIELD | vs SAV | RISK | MIN |
|---|---|---|---|---|---|
| USTBL | Spiko (SICAV, France) | 4.11% | +211bp | VERY LOW | €1 (≈$1,000 practical) |
| BUIDL | BlackRock / Securitize | ~3.59% | +159bp | LOW | $5M (institutional) |
| WTGXX | WisdomTree | ~3.5% | +150bp | VERY LOW | Low (app-based) |
| BENJI | Franklin Templeton | 3.47% | +147bp | LOW | Low (Benji app) |
| USYC ◂ | Circle (Hashnote Intl. Short Duration Yield Fund) | ~3.28% | +128bp | LOW | Institutional channels |
| EUTBL | Spiko (SICAV, France) | 1.66% | -34bp | VERY LOW | €1 (≈€1,000 practical) |
Description
ISSUER DOCSCircle's tokenized money-market fund (ex-Hashnote): short-term US Treasuries and overnight reverse repos; the largest tokenized treasury product on-chain. Permissioned share of a Cayman fund — institutional distribution, with USDC redemption rails.
Buying · Q&A
3 QUESTIONSHow do I buy USYC?+
Onboard with Circle as an eligible investor; not retail. The token runs on Ethereum / Solana / Canton / Sui. Minimum: Institutional channels.
Where can I buy USYC?+
USYC trades on 1 exchange or DEX. By 24-hour volume the largest are Deribit Spot (USYC/USDC) (CoinGecko, 2026-10-13). Check that the venue serves your country before you sign up.
Who can buy USYC?+
As Circle USYC states it: US, institutions: no (Non-US entities only); US, retail investors: no (Available only to entities that are not US persons (Regulation S)). The issuer has the final word; check its terms before buying.
Where to trade
1 VENUES · 24H VOL| VENUE | PAIR | VOL | SPRD |
|---|---|---|---|
| CEXDeribit Spot ↗ | USYC/USDC | $102K | 0.15% |
CoinGecko tickers · 2026-10-13 · not a recommendation of any venue — check access, fees and whether the venue serves your country.
Issuer · primary market
SUBSCRIBE / REDEEMOnboard with Circle as an eligible investor; not retail
Who may buy is set by the issuer — check their terms. Not investment advice.
Key facts
VERIFIED 2026-08-25- Yield / return
- ~3.28% (T-bill level)
- Risk
- Low
- Minimum
- Institutional channels
- Liquidity
- Near-instant USDC redemption for eligible holders
- Custody
- Self-custody (permissioned/whitelisted)
- KYC
- Required
- Verified
- 2026-08-25
Details
- Issuer
- Circle (Hashnote Intl. Short Duration Yield Fund)
- Type
- Tokenized Money Market Fund
- Category
- Tokenized Treasuries
- Yield source
- Short-term US Treasuries + reverse repos
- Network
- Ethereum / Solana / Canton / Sui
- Jurisdiction
- Cayman / USA (institutional)
- AUM
- ~$3B