Under active development. We're continuously fixing and improving the metrics and parameters, so scores and ratings may change. See changelog

RWABeat

Circle USYC

Tokenized shares of Hashnote International Short Duration Yield Fund, a Cayman fund that earns roughly the overnight Fed funds rate through reverse repo on US government securities and T-bills. Issued by Circle International Bermuda since Circle bought Hashnote in January 2025. About 98% of supply is on BNB Chain.

U.S. TreasuriesNon-US persons onlyTransfer-restrictedOnchain dataIssued by Hashnote Management LLC · Platform Hashnote (Circle)
JSON
Value
$2.37B
Stage
Stage 0
Disclosed
Single-key powers
37
Single key holds critical power
Oracle age
19h 45m
On schedule
Used as DeFi collateral
$115.89· 2 markets

Transparency

Can you see what backs the token, and trust that data?

Red

The only reports are self-reported by the issuer (best: Hashnote price reports).

  1. The only reports are self-reported by the issuer (best: Hashnote price reports).

Reports

Rated as t-bill or money market fund, so data must be updated at least daily. The best report counts.

ReportData comes fromDetailUpdatedVerifiableOnchain
Hashnote price reports

Hashnote (Circle)Counts

IssuerSingle NAVdailySelf-reported0x74f2…1f53

Onchain data is a separate badge, not part of the rating: public data that lives offchain is still transparent to a person. Ladders adapted from Chronicle Labs, "The Transparency Gap in Onchain Finance" (Oct 2026).

Event reporting

Private credit must report defaults as they happen, not at the next periodic report.

Only checked for private credit.

Kept private for a reason

Shown as context, never as a penalty.

None recorded.