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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

Underlying Asset

What backs the token, and how likely is it to lose value?

Green

Short-dated government debt. No private borrower can cause a loss.

  1. 100% is government debt, government repo or cash.

  2. Short-dated: T-bills, repo and cash all mature within a year.

  • Only the mandate is published, no dated holdings: T-bills and Treasury reverse repo 100%.

What backs the token

Only the investment mandate is published, not a dated holdings report.

HoldingTypeShare
T-bills and Treasury reverse repoT-bills · government or cash
100%

Source

Maturity and credit

Weighted average maturity
Not public · searched 25 Oct 2026 Help us find it

Track record

History since
17 Mar 2023
Losses to holders
None found