Bitwise Crypto Carry Fund (USCC) stablecoin analytics
Answer First
What is Bitwise Crypto Carry Fund (USCC)?
USCC is Bitwise's crypto carry fund share, earning basis and staking income with market-day USD or USDC redemption through Superstate. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-accreting fund share, not a $1 peg. NAV is assets less liabilities divided by shares, marked each business day using crypto and futures closes, staking conversion rates and dealer OTC marks.
Is USCC safe?
Pharos does not mark USCC as absolutely safe. Static metadata says Bitwise Crypto Carry Fund uses a Centralized (CeFi) governance model and Crypto-Collateralized backing, with Independent Audit from Ernst & Young LLP is the named fund auditor; public holdings are unaudited and no signed current scoped financial report or token-to-share reconciliation was retrieved.; 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.
Static Profile
Static stablecoin profile
Bitwise Crypto Carry Fund (USCC) static profile: governance model Centralized (CeFi); backing model Crypto-Collateralized; peg US Dollar-denominated NAV.
AI summary / Updated Oct 2, 2026
USCC gives eligible holders a share of Bitwise's crypto carry fund through Superstate's tokenization infrastructure. Its returns come from crypto basis trades and staking alongside Treasury exposure, with changes in portfolio marks reflected in the share's NAV. Superstate publishes signed holdings and names Anchorage Digital and EY, but the retrieved public record supplies no current signed hedge reconciliation, margin buffer or first-loss allocation.
- Collateral
- Managed crypto cash-and-carry portfolio including BTC, ETH, SOL staking and XRP spot exposure, CME/Coinbase derivatives, USD collateral and USTB fund shares. Published holdings include signed derivative marks and negative USDC balances, not a Treasury-only reserve basket.
- Peg Mechanism
- NAV-accreting fund share, not a $1 peg. NAV is assets less liabilities divided by shares, marked each business day using crypto and futures closes, staking conversion rates and dealer OTC marks. Qualified Purchasers with allowlisted wallets redeem through Superstate for USD or USDC; requests before 5pm ET settle T+1 and later requests T+2.
- Jurisdiction
- United States / Delaware Statutory Trust series; fund access restricted to Qualified Purchasers in supported jurisdictions
- Proof Of Reserves
- Independent Audit by Ernst & Young LLP is the named fund auditor; public holdings are unaudited and no signed current scoped financial report or token-to-share reconciliation was retrieved. Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety uscc-superstate
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 Oct 2, 2026.
USCC quick answers
What is Bitwise Crypto Carry Fund (USCC)?
USCC is Bitwise's crypto carry fund share, earning basis and staking income with market-day USD or USDC redemption through Superstate. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-accreting fund share, not a $1 peg. NAV is assets less liabilities divided by shares, marked each business day using crypto and futures closes, staking conversion rates and dealer OTC marks.
Is USCC safe?
Pharos does not mark USCC as absolutely safe. Static metadata says Bitwise Crypto Carry Fund uses a Centralized (CeFi) governance model and Crypto-Collateralized backing, with Independent Audit from Ernst & Young LLP is the named fund auditor; public holdings are unaudited and no signed current scoped financial report or token-to-share reconciliation was retrieved.; 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.
What backs USCC?
Pharos classifies USCC backing as Crypto-Collateralized. Collateral, per the static profile: Managed crypto cash-and-carry portfolio including BTC, ETH, SOL staking and XRP spot exposure, CME/Coinbase derivatives, USD collateral and USTB fund shares. Reserve evidence: Independent Audit from Ernst & Young LLP is the named fund auditor; public holdings are unaudited and no signed current scoped financial report or token-to-share reconciliation was retrieved..
Can USCC 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 USCC, when applicable, appear in the dossier below.
