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Circle USYCUSYCÉpico
85/100STRICT
Épico
#43cap. de mercado16 de out. de 2026

Circle USYC

USYC
RWA, pesos de pagamentos e rwaRanking de cap. de mercado 43, CoinGecko 8 de nov. de 2026
Fundamentos, não preço
PilarAvaliaçãoPosição na escala de 0 a 100PesoContribuição
Sustentabilidade92×0,2422,08
Transparência88×0,2017,60
Receita81×0,1612,96
Inovação77×0,129,24
Comunidade74×0,128,88
Tokenomics90×0,1614,40
Soma ponderada, total de pesos 1,0085,16Arredonda para a pontuação publicada85
Analisado
16 de out. de 2026
Motor
v5.2.0
Calculado
2026-10-16 05:34 UTC
Hash de entradas
68bc9a304e6a

O Lite desbloqueia Circle USYC por completo. Variação, cenário, sinal, fatores de risco, catalisadores.

Ver planos

Pesquisa, não constitui aconselhamento financeiro. Leia os termos.

Evidências dos pilares

Conjunto de dados 16 de out. de 2026. 6 fontes, 12 citações.
Cada arco é a avaliação de um pilar, desenhada em escala de 0 a 100.

Em inglês

Sustentabilidade92

Este projeto consegue continuar operando e se financiando por anos?

Circle institutional backing and investment in short-term U.S. Treasuries and reverse repurchase agreements anchor over $3 billion in fund liquidity.12

Transparência88

Pessoas de fora conseguem ver e verificar o que a equipe e o protocolo fazem?

Fund assets, NAV share price, and multichain supplies are documented through institutional accounting and public trackers, though holder registers are permissioned.34

Receita81

O protocolo gera taxas reais ou receita com o uso?

The fund captures short-term U.S. Treasury and reverse-repo yields, compounding net interest directly into the appreciating USYC share price.32

Inovação77

A tecnologia está sendo desenvolvida e lançada, e ela realmente importa?

Near-instant 24/7 USDC mint and redemption capabilities connect tokenized Treasury yield with liquid stablecoin settlement across Ethereum, BNB Chain, and Solana.15

Comunidade74

Quem usa, desenvolve e detém a moeda, e quão durável é essa base?

Leading market position above $3B in assets with deep integration across Binance institutional collateral and BNB Chain, offset by a small permissioned holder count.26

Tokenomics90

O fornecimento, a emissão e os desbloqueios protegem os detentores contra a diluição?

Circulating token count reflects outstanding fund shares 1:1 with zero arbitrary dilution or unbacked emission schedules.64

Fontes

Sobre Circle USYC

Análise de 16 de out. de 2026

Em inglês Tradução pendente: esta análise é apresentada em inglês.

Circle USYC is the tokenized share of Hashnote Short Duration Yield Fund, investing in short-term U.S. Treasury bills and reverse repos.

Visão geral completaMostrar menos

Following its January 2025 acquisition of Hashnote, Circle markets USYC as institutional yield-bearing collateral with 24/7 near-instant redemption into USDC. Yield accrues through a rising net asset value (NAV) token price rather than rebasing or claimable distributions.

Because transfers are permissioned and limited to KYC-approved institutional investors, USYC operates as regulated onchain cash and margin management rather than a retail DeFi token.

Tese de investimento

USYC is built for institutional capital efficiency rather than speculative crypto multiples. With more than $3 billion in total value across roughly 2.73 billion tokens in 2026, it ranks at the top of the tokenized U.S.

Tese completaMostrar menos

Treasury sector. Eligible institutions can convert between USDC liquidity and short-duration Treasury yield with atomic settlement, making USYC popular as off-exchange margin collateral on venues like Binance.

Circulating supply equals total issued shares, removing token-unlock dilution. The main constraints are permissioned access, a small institutional holder count, and heavy concentration on BNB Chain and Binance collateral workflows.

Pontos fortes
  • Category scale leadership. Circle USYC holds over $3 billion in total value, anchoring the tokenized U.S. Treasury market.
  • Native Circle USDC bridge. Circle ownership links USYC directly to 24/7 near-instant USDC redemptions and institutional treasury APIs.
  • Appreciating NAV mechanics. Yield accrues directly into the token share price, simplifying accounting and margin collateral posting.
  • Institutional exchange collateral. Integration with Binance off-exchange collateral and BNB Chain drives recurring institutional demand.
  • Zero unlock dilution. Issued supply matches circulating fund shares 1:1 against underlying Treasury and reverse-repo assets.
  • Verified multi-chain contracts. Deployments span Ethereum, BNB Chain, Solana, and Canton for institutional settlement flexibility.
Riscos
  • Permissioned transfer restrictions. Whitelist and KYC controls limit secondary transferability and exclude permissionless DeFi users.
  • Venue concentration. Heavy reliance on Binance institutional collateral and BNB Chain exposes AUM to single-platform policy shifts.
  • Narrow holder base. Onchain data shows a small count of institutional holders and low daily active addresses.
  • Interest-rate sensitivity. Returns track short-term U.S. Treasury and repo yields, meaning Federal Reserve rate cuts compress APY.
  • Redemption liquidity limits. Near-instant USDC redemptions depend on available liquidity buffers and fund administrator operations during stress.
  • Tokenized Treasury competition. BlackRock BUIDL, Franklin Templeton BENJI, and Ondo USDY compete intensely for institutional collateral share.
Posição competitiva

USYC competes directly with BlackRock BUIDL, Franklin Templeton BENJI, Ondo USDY, and Superstate USTB in tokenized U.S. Treasuries.

Posição completaMostrar menos

Its decisive advantage is Circle distribution: pairing Hashnote fund infrastructure with 24/7 near-instant USDC redemption and Binance collateral support created a direct cash-to-collateral loop. However, because USYC is permissioned and concentrated among a few dozen institutional wallets, its lead relies on large custodial relationships rather than broad DeFi network effects.

Conclusão

Circle USYC is a premier institutional tokenized money-market instrument holding over $3 billion in short-term U.S. Treasury and repo assets.

Conclusão completaMostrar menos

Backed by Circle infrastructure, 24/7 near-instant USDC redemption, and multi-chain contracts across Ethereum, BNB Chain, and Solana, it serves as productive collateral for eligible institutions while remaining permissioned and concentrated.