Circle USYC (USYC) stablecoin analytics
Circle USYC is Hashnote's tokenized T-bill fund share backed by short-term U.S. Treasuries and reverse repos, redeemable at NAV.
Static Profile
Static stablecoin profile
Circle USYC (USYC) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 18, 2026
Circle USYC is the current branding for Hashnote USYC, a tokenized T-bill and reverse-repo fund share issued through Circle/Hashnote structures with Bermuda and Cayman fund context. The Solana SPL22 deployment expands the asset beyond the prior Ethereum/BNB metadata.
AI summary · drafted by codex-stablecoin-review · reviewed by Codex data review on May 18, 2026 · facts as of May 18, 2026
- Collateral
- Short-term U.S. Treasury bills and reverse repo agreements held for Circle USYC / Hashnote fund shares in segregated brokerage and custody accounts.
- Peg Mechanism
- Same-day subscription and redemption via USDC at NAV-based token price
- Jurisdiction
- Bermuda / BMA / DABA License
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is USYC safe?
Pharos does not mark USYC as absolutely safe. Static metadata says Circle USYC uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usyc-hashnote
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 18, 2026.
USYC quick answers
What is Circle USYC (USYC)?
Circle USYC is Hashnote's tokenized T-bill fund share backed by short-term U.S. Treasuries and reverse repos, redeemable at NAV. The static profile records its US Dollar peg mechanism as: Same-day subscription and redemption via USDC at NAV-based token price
What backs USYC?
Pharos classifies USYC backing as Real-World Asset Backed. Collateral, per the static profile: Short-term U.S. Treasury bills and reverse repo agreements held for Circle USYC / Hashnote fund shares in segregated brokerage and custody accounts. Reserve evidence: live reserve feed configured.
Can USYC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USYC, when applicable, appear in the dossier below.