cryptolinkbase.com
Cryptocurrency and Blockchain Knowledge Directory.
Category: Crypto General -> For Business
Type: homesite
USYC is a tokenized money market fund offered by Circle, designed to provide 24/7, near-instant redemptions into USDC. It represents shares in the Hashnote International Short Duration Yield Fund, which invests in low-risk assets like US Treasury bills and reverse repos. USYC leverages blockchain for real-time tracking, automated transactions, and around-the-clock access, overcoming the limitations of traditional banking hours. It is available only to non-US persons and is regulated by the Bermuda Monetary Authority and Cayman Islands Monetary Authority. Minimum Investment (Subscription): $100,000 USDC. Performance Fee: 10% of the yield generated is taken as a performance fee.
