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Circle USYC(USYC)

Token Price$1.13

All Time HighMay 30, 2026$1.13

All Time LowDec 5, 2024$1.03

Key Metrics

Market Cap$3.019b

Fully Diluted Valuation$3.019b

Circ. Supply2.672b USYC

Volume 24h$562,932

CEX Volume$0

DEX Volume$0

Risks

How much debt can be issued against USYC as collateral across lending protocols.

Maximum possible exposure to USYC

$10.37m

$10.37m (max additional borrows against USYC) + $2.11 (bad debt if USYC was hacked now)

Aave V3

$10.37m at-risk exposure = -- bad debt if hacked + $10.37m additional borrowable against USYC

Morpho V1

$2.32 at-risk exposure = $2.11 bad debt if hacked + $0.21 additional borrowable against USYC

Methodology and limitations

Showing collateral exposure for USYC on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.

Show exposure details

Each row is one protocol-chain exposure for USYC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Aave V3	Ethereum	USYC0x136471a34f6ef19fe571effc1ca711fdb8e49f2b	$10.37m	—
Morpho V1	Base	USYC0xeee7af832440884d2b693b4193fa2ec26a48c7d3	$0.11	$0.93
Morpho V1	Ethereum	USYC0x136471a34f6ef19fe571effc1ca711fdb8e49f2b	$0.1	$1.18

Risk Timeline

Risk-management actions published about USYC by tracked risk managers and governance contributors, newest first.

3 actions

contributor@EulerLabsforum.euler.finance

1 year ago

↑Creation of Euler T-Bill Market on Ethereum

USYC is being added as a yield-bearing asset in the new Euler T-Bill market to support capital allocation in tokenized fixed income, addressing growing institutional interest in money-market funds.

risk managerLlama Riskllamarisk.com

1 year ago

→Evaluation Criteria for BUIDL, USTB, USYC, TBILL, and USDY RWAs

LlamaRisk details risk assessment criteria for tokenized securities like USYC, focusing on AUM, product maturity, legal/regulatory compliance, decentralization assurances, secondary market liquidity, redemption processing times, and investor onboarding requirements to inform Aave governance evaluations.

contributor@Steakhouseforum.morpho.org

2 years ago

↑Adding USYC/PYUSD market to Steakhouse PYUSD

USYC, the on-chain representation of Hashnote's Short Duration Yield Fund investing in reverse repo and U.S. Government securities, is being added as collateral to enable PYUSD borrowing. The 98% LLTV is supported by an atomic on-chain liquidity facility via the Teller contract, ensuring efficient liquidation and improved yields for PYUSD lenders.

Token Usage

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Yields

Tracking 2 pools, average APY 3.13%

Pool	Project	Chain							30d APY Chart
open in new tab USYC	🪂Circle USYC		$2.925b	3.13%	3.13%		3.13%
open in new tab USYC	🪂Circle USYC		$87.05m	3.13%	3.13%		3.13%

Overview