A post by @circle on X.
The underlying fund has moved from predominantly overnight reverse repo into longer-duration U.S. Treasury Bills.
@circle on X
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Circle said the reserve fund behind its USYC token has shifted from mostly overnight reverse repo into longer-dated U.S. Treasury bills, while stressing that the token, issuer and USDC subscription and redemption flows are unchanged. The disclosure covers USYC, Circle’s tokenized money market fund product, and signals a move toward longer-duration government debt within the fund’s backing. The change matters because it alters the yield and duration profile of a token marketed as a cash-like instrument tied to Circle’s stablecoin ecosystem. Watch for updated fund composition and yield disclosures, and whether USDC subscribe and redeem activity remains stable under the new allocation.
Muhabbit's AI wrote this summary of @circle's post in its own words. It can get details wrong, so read the post on X.
Named in this story
Circle (CRCL), USYC, USDC
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