Treasuries · Circle

USYC · Short Duration Yield Fund token

Fund size

$3.02bn

Yield (7-day)

3.8%

Holders

142

Is it used?

Used

Fact sheet

Issuer: Circle
Tokenisation platform: Circle
Chains: Ethereum, BNB Chain, Canton, Solana
Launched: Jul 2023
Redemption: Near-instant into USDC, 24/7
Legal structure: Cayman Islands segregated portfolio fund
Who can invest: Non-US professional investors · minimum $100k

Is it actually used?

77 wallets active and 1,260 transfers in 30 days; 22% idle.

Idle supply (90 days): 22%
Held by the top 10 wallets: 64%
Transfers, 30 days: 1,260
Active wallets, 30 days: 77

Describes on-chain activity only. It says nothing about the quality of the fund.

Accepted as collateral?

Tracker

Binance (off-exchange, triparty)Exchange margin · haircut ≈4%Accepted

CFTC tokenised collateral pilot (US derivatives)Derivatives margin · haircut Set by clearing housePilot

DTCC collateral pilotClearing and settlement · haircut Pilot termsPilot

Aave Horizon (permissioned market)DeFi lending · haircut Loan-to-value 75–85%Accepted

UK central counterpartiesDerivatives margin · haircut —Not accepted

Reserves and reporting

Up to date

Daily NAV by Fund administrator. Latest: 2026-11-08 (2 days ago).

All attestations →

Who is involved

Ethereum

Information only, compiled from public sources with AI assistance. Not investment, legal, tax or regulatory advice, and not a recommendation to buy or sell anything. Scenarios describe what could happen and what has happened before; they are not forecasts. Prices are delayed or end-of-day. Always check the original source.