USYC Stablecoin: Peg, Supply & Chains

#	Chain	Supply	Share	Trend			Distribution
1	BSC	$2.59B	86.10%		+$50.20M	49.5%	x
2	Ethereum	$77.18M	2.56%		−$27.49M	0.20%	x

Stats

Circulating$3.01B

Price$1.1279

Peg Δ12.79%

Chains2

MechanismFiat-backed

Top chainBSC 86%

Best APYcircle-usyc · BSC

3.13%

How USYC is minted & redeemed

USYC is minted when users deposit USDC into USYC fund, which then invests in short-term U.S. Treasury bills to create the yield-bearing token, and it can be redeemed by converting it back to USDC at a 1:1 ratio through Circle's system

Supply flow

Net change—

Net mint—

Net redeem—

USYC circulating supply was roughly flat over the last 24 hours.

About USYC

USYC is a tokenized money market fund backed by U.S. Treasury bills, designed by Hashnote Labs (now part of Circle) to generate yield within the token itself for use as collateral in crypto markets

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Circle USYC

Circle USYC

Circle USYC (USYC) Stablecoin Analytics

Circle USYC (USYC) Stablecoin Analytics