Circle USYC USYC
Rank #45$1.14▲ +0.00%(24h)▲ +0.06%(7d)
24h Low $1.1424h High $1.14
Market Cap
$2.41B
24h Volume
$0
Circulating
2.11B USYC
All-Time High
$1.14
Circle USYC Price Chart
Range: $1.13 — $1.14
July 19, 2026October 6, 2026
Key Metrics
Market Cap
$2.41B
Volume (24h)
$0
Circulating Supply
2.11B USYC
Max Supply
N/A
Circle USYC Converter
Circle USYC Converter
USYC
$USD
1 USYC = $1.14
Circle USYC Historical Data
| All-Time High | $1.14 (October 2, 2026) |
| All-Time Low | $1.03 (December 5, 2024) |
Where to Buy Circle USYC
Live trading pairs are temporarily unavailable. Browse our top-rated exchanges to find where to trade Circle USYC.
About Circle USYC (USYC)
What is Circle USYC, and what does $1.14 mean for holders?
USYC, marketed as Circle USYC and originally issued by Hashnote, is a tokenized money market fund share rather than a conventional cryptocurrency. It represents an interest in the Hashnote International Short Duration Yield Fund Ltd, which holds short-term U.S. Treasury bills and runs repo and reverse repo positions as its underlying assets, so holders get on-chain exposure to short-duration, government-backed yield instead of a fixed one-dollar peg. USYC trades at $1.14 with a market capitalization of roughly $2.61 billion, ranking 39th by market cap among tracked assets, with circulating and total supply matched at about 2.29 billion tokens and no maximum supply cap since new units mint as capital flows into the fund. The current price is also the token's all-time high, reached September 14, 2026, reflecting continuous NAV accrual rather than a speculative rally.
- Reported 24-hour trading volume is effectively zero, consistent with USYC being held to accrue value rather than actively traded
- Price movement tracks short-term Treasury bill and repo yields tied to Fed policy, not market speculation or exchange order flow
- Primary issuance and redemption through Circle or Hashnote, not secondary market trading, is the main channel for entering or exiting a position
How Hashnote's Treasury-backed mechanism works
USYC's value derives entirely from assets held by the Hashnote International Short Duration Yield Fund Ltd: short-duration U.S. Treasury bills plus repo and reverse repo positions generating near-risk-free yield tied to prevailing Fed policy rates. The token is an on-chain representation of a fund share, with income reflected in a rising NAV per token rather than periodic distributions, and deployment across Ethereum, BNB Chain, and Solana lets the same fund interest settle across different smart contract environments for uses like on-chain collateral and treasury management.
Within the tokenized real-world-asset category, USYC competes with other tokenized Treasury and money-market-fund products from traditional asset managers and crypto-native issuers. Positioning depends on fund manager credibility, holdings transparency, redemption speed, and which chains and DeFi protocols accept the token as collateral; unlike crypto-collateralized yield instruments, USYC's return is bounded by short-term government debt yields, making it a lower-risk, lower-return instrument aimed at treasuries and institutions rather than speculative traders.
Technical data
- Network
- ethereum
- Website
- usyc.hashnote.com
- Whitepaper
- PDF ↗
- Contract
- 0x136471a34f6ef19fe571effc1ca711fdb8e49f2b
FAQ
What is Circle USYC (USYC)?
Circle USYC is a cryptocurrency traded under the ticker USYC. It currently ranks #45 by market capitalization, with a total market value of approximately $2.41B. On this page you can view its live price, charts, 24-hour performance, and key supply metrics.
How is the Circle USYC price determined?
Circle USYC's price is set by supply and demand across global cryptocurrency exchanges. Live quotes are aggregated from hundreds of trading pairs and reflect market sentiment, trading volume, on-chain activity, liquidity, and macroeconomic conditions. The current price is $1.14.
How has Circle USYC performed recently?
Over the past 24 hours, Circle USYC is up +0.00%. Over the past 7 days it has gained +0.06%. You can review the full price history and select different time ranges using the chart above.
What is Circle USYC's maximum supply?
Circle USYC does not have a fixed maximum supply. Approximately 2.11B USYC are currently in circulation, and new coins may continue to be issued depending on the protocol's emission schedule.
What is Circle USYC's all-time high price?
Circle USYC reached its all-time high of $1.14. The all-time high represents the peak market price the asset has ever traded at across major exchanges. Historical peaks are useful reference points when evaluating long-term price action and drawdowns.
Where can I buy Circle USYC?
Circle USYC is available on most major cryptocurrency exchanges. Look for the USYC/USD or USYC/USDT pair. See the "Where to Buy" table above for live trading venues, or browse our curated list of top-rated exchanges for the safest and most liquid options.
Is Circle USYC a good investment?
No cryptocurrency can be guaranteed to rise in value. Circle USYC has advantages such as a transparent supply schedule and public market data, but it also carries high volatility, regulatory risk, and liquidity risk. Always do your own research, consider your risk tolerance, and never invest more than you can afford to lose.
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