Hashnote US Yield Coin (USYC) Price, Charts & Market Data

USYC is a permissioned ERC-20 token that represents an interest in SDYF. The fund targets short-term Federal Reserve rate returns by allocating primarily to T-Bills and reverse repo. Tokens represent fund shares: holders are recorded in the transfer agent’s SDYF share registry, and the on-chain token supply is kept in sync with that registry.

USYC is issued by Circle International Bermuda Limited, regulated by the Bermuda Monetary Authority (BMA). The underlying fund is a Cayman Islands mutual fund licensed by the Cayman Islands Monetary Authority (CIMA). Asset custody sits in segregated accounts at the prime broker, providing direct recourse for shareholders.

USYC is available only to eligible institutional investors who are not US Persons (as defined under Regulation S) and who meet a minimum investment of US$100,000. Access requires onboarding to SDYF:

1) Create an account in the Investor Portal 2) Complete the onboarding questionnaire 3) Undergo KYC/AML checks by the fund administrator 4) Undergo wallet screening; the wallet address is then allowlisted 5) Receive confirmation of onboarding success

Only allowlisted wallets associated with KYC’d entities may hold, transfer, subscribe or redeem USYC.

• 24/7/365 access via Smart Contract Teller: Onboarded wallets subscribe and redeem USYC using USDC at any time. The on-chain process is atomic; same-day (T+0) subscription and redemption into USDC are supported, subject to operational windows.
• After-hours handling: Each stablecoin has an after-hours threshold. Subscriptions submitted after 2:00 pm ET are processed at the effective subscription price for the next business day.
• Private Liquidity Teller (PLT): For specific use cases, a PLT can be configured to maintain up to 100% instant USDC liquidity, including defined windows such as weekends. Additional fees apply.

Workflows

• Subscription: After allowlisting, the investor sends USDC to the Smart Contract Teller. Hashnote allocates capital at the prime broker into T-Bills and repo/reverse-repo; USYC is minted to the investor wallet in an amount equal to USDC deposited ÷ current USYC price.
• Redemption: Allowlisted wallets redeem USYC to USDC through the Teller at the latest reported price. The fund administrator updates the SDYF share registry to reflect the burn.

USYC reflects Hashnote’s SDYF strategy and is issued by Circle International Bermuda Limited under BMA oversight. SDYF is a Cayman-regulated mutual fund linked to Hashnote’s short-duration fixed-income strategy. Core service providers include a prime broker (segregated custody accounts), bank partners, fund administrator and auditor, KYC/AML providers and an MPC wallet provider. Governance and controls include:

• Entitlements & permissions: Only allowlisted, KYC-approved wallets may hold or receive USYC; transfers check roles against an Entitlements contract. - Sanctions screening: The Entitlements contract queries a Chainalysis on-chain oracle for OFAC sanctions matches. - System halt: In case of suspected abuse, the allowlist can halt transfers; normal operation resumes once resolved.

Fees: A performance fee on yield and bps-level subscription/redemption fees apply. Tiered fees are available for PLT configurations. Fixed-income assets such as Treasury Bills may lose value.