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Issuer Profile·Bermuda · Cayman Islands

Hashnote (Circle)

Hashnote (Circle) issues tokenized assets tracked by OnChain Benchmark.

usyc.hashnote.com ↗
Aggregate quality score
55.0/ 100
Weighted by outstanding supply
Tracked capital$2.4B
Instruments1
OnChain Benchmark — 01·Coverage
$2.4B total tracked capital

1 instrument under coverage

Instruments under this issuer, by Quality Rating.
InstrumentClassScoreTierSupply (USD)
USYCTreasury55.0Developing$2.4B
OnChain Benchmark — 02·Score history
49 readings

Hashnote (Circle) — aggregate quality score, 90 days

Series through Nov 2, 2026, under the previous methodology. The index is being republished under the current rules.

Hashnote (Circle) — Aggregate Quality Score

Weighted-average composite score (0–100)

Fig 1

Hashnote (Circle) aggregate quality score was 55.0 on Nov 2, 2026, weighted by outstanding supply across 1 rated instrument.

ONCHAIN
BENCHMARK
QUALITY SCORE 0–100 DATE 0 30 60 90 100 Sep 26 Sep 26 Sep 26 Oct 26 Oct 26 Oct 26 Oct 26 Oct 26 Nov 26 55
Source: OnChain Benchmark Quality Ratings · Hashnote (Circle) · onchainbenchmark.comUpdated daily

Measured as of the Oct 30, 2026 close.

OnChain Benchmark
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Independent · Not investment advice
OnChain Benchmark — 03·Issuer metadata

Regulatory standing and governance

Jurisdiction
Bermuda · Cayman Islands
Regulatory status
BMA (Bermuda): Digital Asset Business license no. 54786 (USYC token issuer) · Circle International Bermuda Limited Register ↗
CIMA (Cayman Islands): Registered mutual fund · Hashnote International Short Duration Yield Fund Ltd. Register ↗
Auditor
Deloitte & Touche LLP ↗
Legal structure
USYC is issued by Circle International Bermuda Limited; the fund is Hashnote International Short Duration Yield Fund Ltd. (Cayman Islands)
Change control
Not disclosed
Homepage
https://usyc.hashnote.com ↗
Methodology

Each instrument under Hashnote (Circle) is scored independently across four dimensions — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration — contributing up to 25 points each. The aggregate score shown here is weighted by outstanding supply across 1 rated instrument.

Read the full methodology →