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$2.43T

4.09%

24h Vol.

$126.83B

Dom.

55.81%

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ETH

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Avarage

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Circle USYC USYC Social Audit & Trust Score

Name: Circle USYC (USYC)
Brand: Circle USYC
Rating: 46.1 (8 reviews)

$1.13 0.06%

Low All Time High

$1.03 10% 0.10% $1.13

Overview

Circle USYC (formerly Hashnote USYC) is a tokenized short-term U.S. Treasury yield product, now under Circle, offering on-chain government debt exposure. More

OG Score 46.10

Reviews 8

Market cap $2.97B

Market cap Rank #36

Market Data & Token Stats

Fully Diluted Valuation	$2.97B
24H Trading Volume	$562,879
24H Low / High	$1.13 / $1.13
Circulating Supply	2.64B
Total Supply	2.64B
Max Supply	∞

Market Health Signals

Vol / MC Ratio	0.02% Very Low

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

USYC/USD Live Price Chart

24h 7d 1m All

$USYC Community Sentiment

OGAudit Security Evaluation & Social Audit Metrics

OG Score

Only Verified Crypto OGs Can Rate

OG Score Rank #60/1358

Reviews 8

Gem Score N/A

OGAudit Coin Evaluation Metrics

Innovation 48 .91

Security 47 .90

Community 46 .19

Tokenomics 44 .85

Team 45 .97

Roadmap 43 .49

How is this score calculated? [Coin Rating Methodology]

Circle USYC (usyc) Expert User Reviews

Is Circle USYC safe or a scam? Read verified Crypto OG reviews about Circle USYC

Only Verified Crypto OGs Can Publish Reviews

TruthOnChain 31 May 2026 - 13:19 0x638...0563c

OG Score 40.26

USYC is one of the strongest examples of real-world asset tokenization actually finding product-market fit. Unlike most crypto assets, its growth is not driven by narratives, influencers, or speculation. Its growth comes from institutions wanting yield-bearing collateral that can move onchain 24/7. That being said though, its value proposition depends almost entirely on traditional finance. The product succeeds because Treasuries, regulators, custodians, and legal structures continue functioning smoothly. If interest rates decline significantly, much of its appeal weakens immediately. What many investors miss is that USYC may become more important as infrastructure than as an investment. It is increasingly being used as a cash management layer rather than a speculative asset. The long-term question would be not whether USYC’s price will rise dramatically. The real question is whether tokenized Treasuries become a standard building block of global capital markets.

USYC $1.13 Gem Score: N/A

BUB RugHunter 30 May 2026 - 14:34 0xdb3...56b40

OG Score 41.20

Circle USYC is exactly what mature onchain finance looks like. You are not buying this to catch a massive speculative pump. You buy this because you are an institutional player who wants to earn US Treasury yield without moving your capital back to a legacy bank account.That price action is not from public buying pressure it is the actual interest from the underlying government debt accruing directly into the token value. It completely overtook BlackRock BUIDL because it integrates so smoothly with existing crypto collateral rails. The catch is that you have to be a qualified investor and pass strict KYC to even hold the token. If you have the capital and the clearance this is the safest place to park your profits while you wait for your next active trade setup.

USYC $1.13 Gem Score: N/A

praiz 5 Mar 2026 - 12:31 0x6e8...58f42

OG Score 45.68

This is the safest yield in crypto. It’s literally backed by the U.S. Government’s debt. If you are a big player looking to park millions and earn 4-5% without the risk of a rug pull, this is the king. If you’re a retail trader with $500, stick to standard USDC or a high-yield protocol this club might be too expensive to join.

USYC $1.12 Gem Score: N/A

Saif8844 25 Feb 2026 - 15:09 0x63c...fefda

OG Score 38.80

HashNote USYC is mostly centralized Token With limited transparency with community and it is treated as a fund/security, so rules can change and access can be restricted by law it is also not a pure stable Coin price can increase and decrease with yield so not good for payments and stable coin use it has lower liquidity than other major stable coins as it is not widely used in retail yet

USYC $1.12 Gem Score: N/A

JawadWeb3 16 Jan 2026 - 14:43 0xFd6...A6fc2

OG Score 48.55

Circle USYC is a tokenized yield product backed by short duration U.S. Treasury and cash equivalent assets , designed to provide on_chain dollar yield, but it is permissioned and centralized, replaying on circle's custody and regulatory framework rather than open DeFi.

USYC $1.11 Gem Score: N/A

Andy Araon 20 Dec 2025 - 09:17 0x7bc...629ee

OG Score 74.37

Ok am going all out on this one, listen $USYC is essentially "Wall Street on the blockchain, It’s not a stablecoin or a meme it’s a tokenized T-Bill fund managed by Hashnote. When you hold this, you’re basically holding a digital receipt for short-term U.S. Treasury bills, which means it’s designed to accrue interest currently yielding around 5% or more directly into the token value. Because it’s a Real World Asset (RWA) project, it’s heavily regulated and targeted at institutional players or serious investors who want their money working for them without leaving the chain. It’s built on Ethereum and is fully backed by "boring" government debt, making it one of the safest places to park capital if you’re tired of the casino.

USYC $1.11 Gem Score: N/A

vindicatethis 11 Jul 2025 - 11:44 0x0f6...ec1bd

OG Score 42.93

Its innovation lies in compliance and transparency, but its roadmap is limited to maintaining its current position. Community engagement is minimal due to its centralized nature.

USYC $1.09 Gem Score: N/A

CryptoGeek 7 Feb 2025 - 14:17 0x015...c7f8e

OG Score 36.97

Hashnote USYC is another attempt at a stablecoin, focusing on yield generation. Its stability and adoption are key concerns for me.

USYC $1.08 Gem Score: N/A

$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.

Where can I buy Circle USYC (USYC)?

Deribit Spot

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.