Market Data & Token Stats
| Fully Diluted Valuation | $2.92B |
|---|---|
| 24H Trading Volume | $168,435 |
| 24H Low / High | $1.12 / $1.12 |
| Circulating Supply | 2.60B |
| Total Supply | 2.60B |
| Max Supply | ∞ |
Key Project Information
| Categories | Real World Assets (RWA) 5 more |
|---|---|
| Founder | Leo Mizuhara |
| Website | usyc.hashnote.com Whitepaper 1 more |
| Socials | |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Arkm 5 more |
| Contracts |
0x136....49f2b
2 more
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OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
Circle USYC (usyc) Expert User Reviews
Is Circle USYC safe or a scam? Read verified Crypto OG reviews about Circle USYC
$usyc Markets
| Name | Pair | OG Score |
|---|
About Circle USYC
Hashnote USYC, or US Yield Coin, represents a pioneering approach in the world of decentralized finance (DeFi), combining the benefits of traditional finance with blockchain technology. USYC is the on-chain representation of Hashnote's Short Duration Yield Fund (SDYF), which primarily invests in short-term U.S. Treasury bills and engages in repo/reverse repo activities. This tokenization of traditional financial instruments offers a secure, transparent and efficient way for investors to engage with yield-bearing assets on the blockchain.
The core idea behind USYC is to provide investors with exposure to short-term risk-free rate returns, leveraging the speed, transparency and composability that blockchain offers. Unlike many other DeFi projects, USYC operates within a regulated framework, with Hashnote Management LLC registered as a Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA) under the National Futures Association (NFA) and regulated by the Commodity Futures Trading Commission (CFTC). This regulatory oversight ensures a high level of security and trust in the token's operations.
Founders and Backers:
Hashnote was founded by Leo Mizuhara, who brings extensive experience from the traditional finance sector, having spent over a decade at Bank of America and later leading systematic options trading at DRW. The project has garnered significant backing from industry giants like DRW Holdings, one of the world's largest trading firms and Cumberland, a leading institutional crypto OTC liquidity provider. This support underscores the project's credibility and its bridge between traditional finance (TradFi) and DeFi.
Use Cases:
Yield Generation: USYC allows holders to earn yield through investments in U.S. government-backed securities, providing stability and income in a digital format.
Collateral Use: On platforms like Deribit and through integrations with services like Copper and Fireblocks, USYC can be used as collateral for trading other assets, enhancing capital efficiency and offering yield to users passively.
Privacy and Security: When hosted on networks like the Canton Network, USYC benefits from unique privacy features, allowing transactions and collateral holding without exposing details to third parties except the issuer and holder.
Institutional Access: By being regulated and compliant, USYC serves as an entry point for institutions into DeFi, enabling them to manage digital assets with traditional financial practices' security.
Liquidity and Redemption: USYC provides instant liquidity through smart contract interactions where investors can mint or redeem tokens into stablecoins or USD, ensuring flexibility in managing investments.
Technical Structure:
Token Architecture: USYC is structured as an ERC-20 token, making it compatible with the Ethereum blockchain and its associated ecosystem.
Regulatory Compliance: All token holders must undergo KYC/AML procedures, aligning with regulatory standards and ensuring the integrity of the investor pool.
Oracle and Price Reporting: The price of USYC is reported daily through an Oracle system, ensuring transparency in the token's value relative to its backing assets.
What is unique about Circle USYC (USYC)?
USYC uniquely combines traditional finance security with DeFi's efficiency, offering yield from U.S. Treasury investments in a tokenized form.
Who are the founders of Circle USYC (USYC)?
Hashnote USYC was founded by Leo Mizuhara, leveraging his deep finance background to bridge TradFi and DeFi.
Who are the backers/investors of Circle USYC (USYC)?
The project is backed by DRW Holdings and Cumberland, providing strong institutional support.
Information in this section carefully collected and curated from publicly available data from official sources, including the Circle USYC Official Website, Circle USYC Whitepaper and Circle USYC X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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