Circle USYC

Circle USYC

USYC #36
CCC 50% Token Watch

Project Safety Score: 50%

Updated 1 minute ago
Circle USYCUSYC
Market Cap$2996102562
24hr Volume$112267
Price$1.12
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: Smart-Contract Token - scored on contract safety, liquidity, holders, team, social
Liquidity
& Market
23 D
67% · medium
Team
Credibility
57 B
80% · medium
Social
Behavioral
68 BB
50% · low
Contract
Mechanics
97 AAA
100% · medium
Holder
Distribution
6 F
100% · medium

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USYC Circle USYC Details
Type
RWA
Launched
2023
HQ
Bermuda
Team
Anonymous
Tokenized AssetsBNB Chain EcosystemSolana EcosystemEthereum EcosystemReal World Assets (RWA)Tokenized Treasury Bills (T-Bills)Tokenized Treasury

USYC is a token that represents a money market fund managed by Hashnote International Short Duration Yield Fund Ltd., which primarily invests in short-term U.S. Treasury Bills. The fund also engages in repo and reverse repo activities as part of its strategy.

The USYC token aims to provide short-term returns aligned with the Federal Reserve rate. Through tokenization, it offers features such as quick transactions and on-chain transparency, while adhering to regulatory and credit controls.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Economic design score 75 out of 100.
The economic design of Circle USYC shows a strong structure, with 100% of its total supply currently circulating. However, the absence of a hard supply cap may pose risks of inflation in the future, as the lack of a maximum limit could allow for increasing supply over time.


Liquidity and market dynamics score 23 out of 100.
The liquidity and market dynamics indicate significant concerns, with a very low trading volume that translates into a market cap ratio of nearly zero. This suggests limited market activity, raising questions about the asset’s liquidity and the ability to engage in substantial trades without impacting the price.


Team credibility score 57 out of 100.
Team credibility shows mixed results. While the asset has been around for approximately 2.9 years and the deployer’s address is known, the team remains anonymous. This lack of transparency can be a concern for potential investors. On a positive note, the whitepaper quality received a high rating, adding to the project's credibility.


Social behavior score 68 out of 100.
The social behavior score suggests a moderate level of engagement. The Twitter account is verified, but audience data is limited, which might impact the project's visibility. Importantly, there are no negative signals regarding allegations or incidents, suggesting a largely positive public perception.


Contract mechanics score 99 out of 100.
Circle USYC boasts an exceptional contract mechanics score, with its contract verified and open source. There are no identified honeypots or risks regarding ownership privileges, which indicates a strong level of security in the contract's functionality. However, the project utilizes a proxy pattern, allowing for upgrades, which could impact long-term stability.


Holder distribution score 5 out of 100.
The holder distribution reveals a critical issue, as the top ten wallets collectively hold 99.7% of the total supply. This is a significant concentration risk, with the largest holder controlling 43.5%. The total number of holders is also very low, indicating that the asset is not widely held, which may lead to volatility.


Inherent risks in investing in Circle USYC are substantial, particularly due to its high concentration among a few wallets and low market liquidity. While the project's contract mechanics and economic design show promise, the anonymous team and limited holder base create uncertainties that potential investors should carefully consider.

View whitepaper ↗ (2023)
Quality: high
Max supply: 312,976,695.16
  • Team is anonymous
  • Trading volume is near zero
  • No hard cap on total token supply
  • A single wallet holds over 10% of supply
  • Top 10 wallets hold more than 50% of supply
  • Very few unique holders
Contract is upgradable via proxy
Risk: The team can change the contract logic after deployment
Benefit: The team can fix bugs, patch vulnerabilities, and ship upgrades

Price Chart

Contract Security

binance-smart-chain · 0x8d0fa28f221eb5735…
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
ethereum · 0x136471a34f6ef19fe…
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Deploy Date
May 31, 2023
ethereum
Deployer
0xb2b98e8672d…
Total Holders
32
Top 10 Hold
99.4%
Top 50: 100.0%
Top Holders
  • 0x60fc831d4b7086c3c… 39.86%
  • 0xdd82875f0840aad58… 27.33%
  • 0xb1a6ac52a21435c74… 12.92%
  • 0x5c024c3092f70194b… 8.29%
  • 0x866c9a77d8ab71d28… 4.99%
  • 0x4e67722883ad99218… 2.75%
  • 0x74f0b107c3a2b3059… 1.23%
  • 0x53106deebe67455c0… 1.16%
  • 0x77021d475e36b3ab1… 0.47%
  • 0xb3525a7d5bac0a2fe… 0.36%
Source: ethplorer · Etherscan
Discussion
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71%
Profile Status
Data completeness
Some data missing
High confidence

Market Stats

All-Time High$1.12
All-Time Low$1.0260
Circulating2668730574
Total Supply2668730574

Crypto Fear & Greed Index

Crypto Fear & Greed Index Source: alternative.me

Recent News

Circle's USYC Surpasses $3B AUM, Largest Tokenized Money Market Fund

general 3 sources 3 days, 23 hours ago

Circle's USYC asset management scale has surpassed 3 billion USD, becoming the world's largest tokenized money market fund

general 1 source 3 days, 23 hours ago

Circle USYC Price (USYC INR)

general 2 sources 5 days, 10 hours ago

Blackrock and Circle Lead Tokenized Treasuries as Market Value Climbs to $15.20B

general 1 source 6 days, 17 hours ago

Tokenized Crypto US Treasuries Near $14 Billion as Circle and BlackRock Lead Growth

general 1 source 3 weeks, 6 days ago

Circle’s USYC hits $2.68B as 95% of AUM moves to BNB Chain: Details

general 1 source 1 month ago

Bitcoin Hyper Price Prediction: Circle Overtakes BlackRock in Onchain Yield While Solana Stalls but Pepeto Presale Pulls in $7.99 Million …

general 1 source 1 month, 3 weeks ago

Stablecoin Economy Crosses $315B as Circle’s USYC Leads Weekly Gains

general 1 source 1 month, 3 weeks ago

Circle overtakes BlackRock in tokenized Treasuries as market hits record $11 billion

general 1 source 1 month, 3 weeks ago

Circle USYC Price: USYC Price Index and Live Chart

general 1 source 2 months, 2 weeks ago