Circle USYC
Peers · Tokenized Money Market Fund
AVG 3.37% · BENCH 2.00%| TICKER | ISSUER | YIELD | vs SAV | RISK | MIN |
|---|---|---|---|---|---|
| USTBL | Spiko (SICAV, France) | 3.82% | +182bp | VERY LOW | €1 (≈$1,000 practical) |
| BENJI | Franklin Templeton | 3.73% | +173bp | LOW | Low (Benji app) |
| BUIDL | BlackRock / Securitize | ~3.59% | +159bp | LOW | $5M (institutional) |
| WTGXX | WisdomTree | ~3.5% | +150bp | VERY LOW | Low (app-based) |
| USYC ◂ | Circle (Hashnote Intl. Short Duration Yield Fund) | ~3.17% | +117bp | LOW | Institutional channels |
| EUTBL | Spiko (SICAV, France) | 2.41% | +41bp | 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 is not listed on any exchange or DEX we can see. It is bought (subscribed) and redeemed directly with the issuer, Circle (Hashnote Intl. Short Duration Yield Fund).
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
SECONDARY MARKETUSYC does not trade on any exchange or DEX we can see. You get it from the issuer and redeem it there — see below.
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 2026-10-18- Yield / return
- ~3.17% (T-bill level)
- Risk
- Low
- Minimum
- Institutional channels
- Liquidity
- Near-instant USDC redemption for eligible holders
- Custody
- Self-custody (permissioned/whitelisted)
- KYC
- Required
- Verified
- 2026-10-18
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
Questions
ANSWERS- Which tokenized US Treasury pays the highest yield right now — and who is allowed to buy it?
- Can I buy tokenized Treasuries without KYC, straight from my own wallet on a DEX?
- How much money do I need to invest in tokenized Treasuries — is $100 enough?
- Which governments, cities and public agencies have issued digital or tokenized bonds?