Circle USYC (USYC) stablecoin analytics
Circle USYC is Circle'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 Jun 12, 2026
USYC is Hashnote's tokenized short-duration fund share now wearing Circle's distribution jacket. The reserve mix is the clean TradFi part: mostly U.S. Treasury bills with reverse repo agreements, redeemable at NAV rather than pretending every token is a static dollar bill. That...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 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
- Independent Audit by Cohen and Company Reserve source
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 Independent Audit from Cohen and Company; 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 Jun 12, 2026.
USYC quick answers
What is Circle USYC (USYC)?
Circle USYC is Circle'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
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 Independent Audit from Cohen and Company; 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 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: Independent Audit from Cohen and Company.
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.