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Hashnote US Yield Coin

Hashnote US Yield Coin

USYC
#39
$1.1383Down 0.00 percent($0.00)

Key Stats

Market Cap$2.38BDown 0.00 percent
Volume (24h)$34.15K
Fully Diluted Value$2.38B
Vol/Mkt Cap (24h)0.00%
Total Supply2.09B USYC
Max Supply∞
Circulating Supply2.09B USYC
Launch Date2023-05-31
Built OnETH
Token StandardERC20
Smart Contract Address0x1364…9f2b
Decimal Places6

Hashnote US Yield Coin Information

Websites
usyc.hashnote.com
Industries
Real World Assets

Hashnote US Yield Coin Price Converter

Hashnote US Yield CoinUSYC
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Hashnote US Yield Coin Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Hashnote US Yield CoinUSDC logo
USYC-USDC
USYC_USDC
deribit logoderibit
BB
1.14USDC
0.00%

Hashnote US Yield Coin Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
USYCERC20ETH0x136471a34f6ef19fe571effc1ca711fdb8e49f2b2023-05-31
USYCBEP20BNB0x8D0fA28f221eB5735BC71d3a0Da67EE5bC8213112025-06-24
USYCSPLSOL7LWanZteUKtvFjv4MHYgKXXdAuCQYFPJysL9pxxdRQGn2025-09-25
USYCERC20ARCCHAIN0x8a5D989Bbb96929F689B0200f435f53dA42bF4902026-06-12

About Hashnote US Yield Coin

USYC is a permissioned ERC-20 token representing shares in Hashnote’s International Short Duration Yield Fund (SDYF), which invests in short-term US Treasury bills and repo/reverse-repo. The token is issued by Circle International Bermuda Limited (BMA-regulated); SDYF is a Cayman mutual fund (CIMA-licensed). Access is limited to eligible non-US institutions with a US$100,000 minimum and requires portal onboarding, KYC/AML and wallet allowlisting. Subscriptions and redemptions occur 24/7/365 in USDC via a Smart Contract Teller; after 2:00 pm ET, subscriptions use an effective next-day price. A Private Liquidity Teller can offer up to 100% instant USDC liquidity for a fee. Price equals NAV divided by token supply and is published on chain daily (with principal/interest) via an oracle and Web2 APIs. An Entitlements contract enforces permissions, performs sanctions checks and can halt transfers. Standard fees include a performance fee on yield plus subscription/redemption bps.

Frequently Asked Questions

Hashnote is a digital asset manager focused on bringing short-duration, dollar-denominated fixed-income strategies on chain for institutions. Its flagship strategy is the Hashnote International Short Duration Yield Fund Ltd. (SDYF), a Cayman Islands mutual fund that invests in short-term US Treasury Bills and undertakes repo/reverse-repo secured by US government collateral. USYC is the on-chain representation of shares in SDYF and connects the fund’s traditional market activity to blockchain rails with on-chain transparency and operational efficiency.

USYC is a permissioned ERC-20 token that represents an interest in SDYF. The fund targets short-term Federal Reserve rate returns by allocating primarily to T-Bills and reverse repo. Tokens represent fund shares: holders are recorded in the transfer agent’s SDYF share registry, and the on-chain token supply is kept in sync with that registry.

USYC is issued by Circle International Bermuda Limited, regulated by the Bermuda Monetary Authority (BMA). The underlying fund is a Cayman Islands mutual fund licensed by the Cayman Islands Monetary Authority (CIMA). Asset custody sits in segregated accounts at the prime broker, providing direct recourse for shareholders.

  • On-chain cash management: Hold a tokenised claim on a short-duration US dollar strategy that accrues the underlying yield rather than remaining static at par.
  • Collateral and treasury operations: Post USYC as on-chain collateral while retaining exposure to short-term yield; move between USYC and USDC to match settlement and payment needs.
  • Programme-matic workflows: Integrate price, access and lifecycle events into applications via a smart-contract oracle and Web2 APIs, enabling automated treasury, reporting and reconciliation.
  • Interoperability with stablecoin rails: Subscribe and redeem in USDC to bridge between a yield-bearing asset and a widely used settlement token.

USYC is available only to eligible institutional investors who are not US Persons (as defined under Regulation S) and who meet a minimum investment of US$100,000. Access requires onboarding to SDYF:

  1. Create an account in the Investor Portal
  2. Complete the onboarding questionnaire
  3. Undergo KYC/AML checks by the fund administrator
  4. Undergo wallet screening; the wallet address is then allowlisted
  5. Receive confirmation of onboarding success

Only allowlisted wallets associated with KYC’d entities may hold, transfer, subscribe or redeem USYC.

  • 24/7/365 access via Smart Contract Teller: Onboarded wallets subscribe and redeem USYC using USDC at any time. The on-chain process is atomic; same-day (T+0) subscription and redemption into USDC are supported, subject to operational windows.
  • After-hours handling: Each stablecoin has an after-hours threshold. Subscriptions submitted after 2:00 pm ET are processed at the effective subscription price for the next business day.
  • Private Liquidity Teller (PLT): For specific use cases, a PLT can be configured to maintain up to 100% instant USDC liquidity, including defined windows such as weekends. Additional fees apply.

Workflows

  • Subscription: After allowlisting, the investor sends USDC to the Smart Contract Teller. Hashnote allocates capital at the prime broker into T-Bills and repo/reverse-repo; USYC is minted to the investor wallet in an amount equal to USDC deposited ÷ current USYC price.
  • Redemption: Allowlisted wallets redeem USYC to USDC through the Teller at the latest reported price. The fund administrator updates the SDYF share registry to reflect the burn.

  • Daily price publication: USYC’s price is reported on chain once per business day, typically around 06:45 ET, after the prime broker reconciles the prior day’s activity. Trading occurs Monday–Friday, excluding US federal holidays; results are reflected the following morning.
  • Price calculation: USYC price = Prime brokerage account NAV ÷ Total USYC supply.
  • Effective subscription price: Redemptions occur at the current USYC price. Subscriptions between the daily price report and 2:00 pm ET occur at the current price; subscriptions after 2:00 pm ET are priced at a forecast of the next report to align with whether capital could earn that day’s yield.
  • Interest and APR data: The USYC Oracle publishes principal and interest each update, enabling computation of APR and overnight rates, including multi-day accruals (e.g., weekend repo).
  • Transparency: Price reports are available via a Chainlink-style aggregator on chain and mirrored through JSON endpoints for current and historical data.

USYC reflects Hashnote’s SDYF strategy and is issued by Circle International Bermuda Limited under BMA oversight. SDYF is a Cayman-regulated mutual fund linked to Hashnote’s short-duration fixed-income strategy. Core service providers include a prime broker (segregated custody accounts), bank partners, fund administrator and auditor, KYC/AML providers and an MPC wallet provider. Governance and controls include:

  • Entitlements & permissions: Only allowlisted, KYC-approved wallets may hold or receive USYC; transfers check roles against an Entitlements contract.
  • Sanctions screening: The Entitlements contract queries a Chainalysis on-chain oracle for OFAC sanctions matches.
  • System halt: In case of suspected abuse, the allowlist can halt transfers; normal operation resumes once resolved.

Fees: A performance fee on yield and bps-level subscription/redemption fees apply. Tiered fees are available for PLT configurations. Fixed-income assets such as Treasury Bills may lose value.