Circle USYC (USYC) vs USDC (USDC)

Hashnote Short Duration Yield Fund invests in short-term U.S. Treasury Bills and performs repo / reverse repo activities as the underlying asset of the USYC token. USYC earns short-term risk-free rate returns. The fund benefits from the speed of transaction, transparency, and composability of tokenization while eliminating virtually all of the protocol, custody, regulatory, and credit risks associated with other token projects.

USDC is a stablecoin, meaning it is a stable cryptocurrency aimed at replicating the value of the US dollar (USD). Launched in 2018 by the company Circle, USDC is one of the most widely used centralized stablecoins by investors. Each USDC is backed by one US dollar held in cash or equivalent assets. Circle's reserves are audited and made public on a monthly basis. In 2024, Circle became the first stablecoin issuer to comply with the MiCA regulation in Europe.