Circle ($CRCL) USYC explicitly stating investment in short-term government bonds of up to 6 months

Circle’s tokenized money market fund USYC now states on its product page that the underlying fund invests in U.S. Treasury bills with maturities of up to six months, though the page does not show when the wording was posted or changed. The disclosure alone does not confirm a shift in the portfolio’s actual maturity mix, and Circle’s separate help materials still describe the fund as holding short-term U.S. government debt alongside repo and reverse-repo transactions without breaking out weights by maturity or average duration. The clarification matters because T-bills are defined by the U.S. Treasury as securities maturing in one year or less, so the six-month cap signals no long-dated government exposure rather than a change in strategy. Watch for Circle to publish maturity buckets or average maturity for USYC, which would let investors verify the fund’s duration profile against the new language.