Paimon offers tokenized private credit and private-company equity, with product terms and risk disclosures available on its site.
Circle USYC
USYC is a tokenized money market fund from Circle, with 24-hour access and near-instant redemptions into U.S. dollars described on its page.
About Circle USYC
USYC is the onchain representation of the Hashnote International Short Duration Fund Ltd., which holds US Treasury bills and reverse repurchase agreements backed by short-term US government securities. It offers 24/7 access, accepts subscriptions in USDC, accrues yield through a rising token price without staking or claiming, and can be redeemed into USDC in near real time up to the instant-redemption capacity.
The site states it is intended only for individuals and entities that are not U.S. persons. Access starts at $100,000, with subscription and redemption fees waived on combined daily volume up to $1M and standard fees applying above that threshold. The token is listed as available on Arc, BNB, Canton, Ethereum, NEAR, and Solana.
Key features
- Redeem USYC into USDC in near real time up to capacity
- Yield accrues via rising token price without staking or claiming
- Subscribe and redeem using USDC
- Use as margin or cross-margin collateral on supported exchanges
- Automate subscriptions and redemptions through smart contracts
- Track fund activity onchain for verification and reporting
Best for: Non-U.S. institutions and firms managing cash or collateral that need USDC settlement outside banking hours.
Good for
- 24/7 access without banking cut-off times or trading windows
- No subscription or redemption fees on combined daily volume up to $1M
- Onchain activity allows real-time tracking and verification
Watch out for
- Not intended for U.S. persons, including citizens, residents and U.S.-organized entities
- Starting exposure is $100,000
- Near-instant redemptions limited to instant-redemption capacity
Circle USYC at a glance
- Website
- circle.com/usyc
- Category
- Crypto & Blockchain › DeFi Protocols
- Type
- Website
- Pricing
- Not confirmed. Check the site
- Platforms
- Web
- Open source
- Not stated
- Language
- English
- Last checked
- Oct 5, 2026 · Online when checked
- Listed
- Oct 5, 2026
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Circle USYC FAQ
What does USYC invest in?
US Treasury bills and reverse repurchase agreements backed by short-term US government securities, through the Hashnote International Short Duration Fund Ltd.
Who can access this site?
Only individuals and entities that are not U.S. persons, based on criteria including citizenship, residency, and place of organization listed in the access notice.
What currency is used to subscribe to USYC?
USDC.
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