Hashnote US Yield Coin
USYC
Hashnote US Yield Coin (USYC) is a Tokenized Short-Duration Treasury issued by Hashnote / Circle. It provides institutional investors with on-chain exposure to us treasury repo agreements, combining the safety profile of traditional fixed-income instruments with the settlement efficiency of tokenized assets.
Treasury Overview
| Symbol | USYC |
| Issuer | Hashnote / Circle |
| Category | Tokenized Short-Duration Treasury |
| Underlying | US Treasury repo agreements |
| Credit Rating | Not rated |
| Liquidity | medium |
| Current APY | 3.47% |
| Total Value Locked | $88.2M |
| Data as of | 2026-05-07 |
Collateral & Underlying Assets
US Treasury repo agreements. Repurchase agreements (repos) collateralized by US government securities provide overnight or short-term liquidity while maintaining near-cash risk profiles. The repo market is one of the largest and most liquid segments of the US fixed-income market.
Risk Analysis
Credit Quality
This asset does not carry a formal credit rating from a major rating agency. Investors should conduct independent due diligence on the underlying collateral and issuer creditworthiness.
Liquidity Risk
T+1 or periodic settlement. Redemptions may take 1–2 business days or be subject to periodic windows. Suitable for reserves not needed on an intraday basis.
Yield Analysis
Current APY
3.47%
Total Value Locked
$88.2M
Source: DeFiLlama / RWA.xyz. Yields are variable and reflect recent on-chain data. Past performance is not indicative of future results.
Duration & Rate Sensitivity
Very low — near-zero duration means minimal sensitivity to interest rate movements. NAV is highly stable even in rising-rate environments.
Key Insights
- –Backed by overnight Treasury repos
- –permissioned for KYC'd institutions
Issuer & Provenance
USYC is issued and managed by Hashnote / Circle. Risk profile and collateral data was last verified on .
Issuer disclosure ↗