USYC
+0.0%
USDC
+0.0%Circle shifts its tokenized USYC fund into treasury bills
Image: Crypto.newsCircle has moved the underlying fund for its USYC token from overnight reverse repos into U.S. Treasury bills maturing in up to six months. The token, issuer, and subscription processes using USDC remain unchanged. Circle announced the portfolio change on November 9. The fund held about $313 million in assets under management as of October 27, 2026. Circle did not disclose the updated weighted average maturity or current yield.
Key points
- Circle moved the fund behind the USYC token from overnight reverse repos into U.S. Treasury bills.
- The underlying Treasury bills have maturities of up to six months.
- USYC subscription and redemption processes continue using USDC.
- Circle acquired Hashnote in January 2025 to bring the USYC product into its business.
- USYC held approximately $313 million in assets under management as of October 27, 2026.
Why it matters
The portfolio shift alters how the USYC tokenized money market product manages interest rate exposure while keeping USDC redemption and subscription mechanics intact for users.
What's unclear
Circle did not state the exact proportion of fund assets moved into Treasury bills or the updated weighted average maturity.
Price context · USYC
At publication
$1.14
Now
$1.14
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Blockonomi
Tier 3
Circle Shifts $313 Million USYC Fund Into Six-Month Treasury Bills
Coverage timeline
- First reported by Crypto.news
- Also reported by Blockonomi
- CryptoVideos brief published
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