Hashnote US Yield CoinUSYC
Hashnote (Circle) · Tokenized US Treasury
~ Yield is an indicative net estimate near the short T-bill range; the issuer's published figure is authoritative.
What it is
Hashnote US Yield Coin (USYC) is a tokenized US-Treasury product from Hashnote (Circle). Largest tokenized-Treasury product by AUM; now part of Circle following its acquisition of Hashnote. Yield shown is indicative net of fees.
Who can buy it
Qualified / institutional only.Qualified purchasers / institutional. The practical minimum is around $100K. Most of this AUM is therefore closed to ordinary retail investors — the headline tokenized-Treasury market size overstates what retail can actually access.
Underlying & redemption
Overnight reverse-repo collateralized by short-dated US Treasuries.
Same-day mint/redeem for whitelisted institutional wallets; not open to US retail.
Chains
EthereumCantonSolana
How it compares to a T-bill ETF
For most retail investors the realistic alternative is a T-bill ETF you can buy in any brokerage account, with no whitelist and intraday liquidity:
| Product | Yield | AUM | Min | Retail? |
|---|---|---|---|---|
| USYCthis | 4.10%~ | $2.91B | $100K | Qualified / institutional only |
| SGOVBlackRock (iShares) | 4.15% | $44.00B | $100 | Retail-accessible |
| BILState Street (SPDR) | 4.05% | $35.00B | $91 | Retail-accessible |
Source: RWA.xyz · Hashnote ↗ · as of May 4, 2026 · live.
General information only and not personalized financial or investment advice. Tokenized products carry smart-contract, issuer and liquidity risks that a listed ETF does not. Yields and AUM change constantly — verify with the issuer’s official disclosures before acting.