Circle USYC
稳定币概况
Circle USYC（USYC）是一种锚定 USD 的法币支持型稳定币，流通供应量为 US$23.7亿，覆盖 2 条区块链网络。每一枚 USYC 由发行方持有的储备支持，平价 通过 defillama。当前 US$23.7亿 的市值反映了实际流通的发行总量。
关于 Circle USYC (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
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
近期供应活动
Circle USYC (USYC) supply expanded by US$1亿 (+4.42%) in the last 24 hours, expanded by US$3.8亿 (+18.86%) over the past week, and expanded by US$7.7亿 (+48.13%) over the past 30 days.
Expansion phase: minting activity has outpaced redemptions, with circulating supply growing 48.13% over the past month.
供应量历史
Network distribution
Circle USYC circulates across 2 blockchain networks. BSC hosts the largest share at 94.64%, followed by Ethereum at 5.36%. BSC has shown the strongest 30-day growth at +50.97%, suggesting fresh issuance or bridge inflows on that chain.
| 链 | 供应量 | 份额 | 24h Δ | 30d Δ |
|---|---|---|---|---|
| BSC | US$22.4亿 | 94.64% | +4.68% | +50.97% |
| Ethereum | US$1.3亿 | 5.36% | +0.02% | +11.14% |
锚定稳定性历史
Circle USYC (USYC) is designed to trade at exactly 1.00 USD, with its peg defended through direct redeemability against off-chain reserves. Spot price currently sits at $1.1195, a +11.947% deviation from the target — well inside the stability band typical for reserve-backed dollar tokens.
reserve-backed 稳定币如何维护其锚定
Fiat-backed stablecoins maintain their peg through arbitrage: any time the secondary-market price drifts above $1.00, authorised participants mint new tokens by depositing dollars and sell them into the market; any time it drifts below, they buy on the open market and redeem 1:1 for dollars. The peg therefore depends entirely on (a) the reserves actually existing, (b) the issuer honouring redemption requests promptly, and (c) the issuer remaining solvent and unfrozen.
对持有者的实际影响
- Counterparty risk is concentrated in the issuer and its banking partners — a banking failure (as in the March 2023 USDC / SVB episode) can cause short-term depegs even when the underlying reserves are sound.
- Reserve attestations are not full audits. Always read the firm name, scope, and date of the latest attestation report before treating the peg as risk-free.
- Redemption rights typically apply only to verified institutional partners, not to retail holders. Retail exposure is exited via secondary markets, where liquidity matters most during stress periods.
- Regulatory action against the issuer (NYDFS orders, OFAC freezes, court-ordered blacklists) can immediately impair specific addresses or even the entire token.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (reserve-backed) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
合约地址
Circle USYC (USYC) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| 链 | 合约地址 | 验证 |
|---|---|---|
| Ethereum | 0x136471a34f6ef19fe571effc1ca711fdb8e49f2b | 区块浏览器 |
合约地址来自 DeFiLlama 的稳定币资料。某些链（Tron、Solana、Aptos、Sui）使用非 EVM 地址格式。"区块浏览器"链接将打开相应链的官方区块浏览器；我们不会链接到可能显示已篡改数据的第三方浏览器。
将 Circle USYC 与其他 fiat-backed 稳定币比较
Below are the largest fiat-backed stablecoins tracked on Mantapex alongside Circle USYC (USYC). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| 稳定币 | 供应量 | 机制 | 链 |
|---|---|---|---|
| Tether (USDT) | US$1840.8亿 | fiat-backed | 107 |
| USD Coin (USDC) | US$795.5亿 | fiat-backed | 125 |
| World Liberty Financial USD (USD1) | US$45.2亿 | fiat-backed | 8 |
| PayPal USD (PYUSD) | US$40.9亿 | fiat-backed | 7 |
| BlackRock USD (BUIDL) | US$25.4亿 | fiat-backed | 8 |
锚定稳定性
链上分布
资源与数据来源
Circle USYC (USYC) is tracked across major crypto data providers. The links below open Circle USYC (USYC)'s pages on CoinGecko and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Circle USYC 最新动态
Latest reporting from major crypto news outlets covering Circle USYC.
- Bitcoin
Top 5 Stablecoins Capture Nearly 90% of Sector as Market Contracts This Week
Over the last seven days, the stablecoin sector posted a slight contraction of $90.01 million, bringing the market's total valuation to $323.052 billion, according to figures…
- Crypto Briefing
BNB Chain's RWA TVL rises to $4B, driven by Circle USYC growth
BNB Chain's RWA TVL growth highlights a shift towards institutional-grade products, potentially reshaping DeFi's landscape and capital flows. BNB Chain's RWA TVL rises to $4B,…
- AMBCrypto
Circle's USYC hits $2.68B as 95% of AUM moves to BNB Chain: Details
What happened in 5 months that shifted Circle's USYC from an Ethereum native fund to the largest TMMF gloabally?
- Bitcoin
Stablecoin Economy Crosses $315B as Circle's USYC Leads Weekly Gains
Over the past seven days, the stablecoin economy padded its coffers with another $2.983 billion, gliding past the $315 billion threshold this week. Among the ten largest…
- Blockonomi
Circle's USYC Dethrones BlackRock BUIDL as Top Tokenized Treasury Product
In a significant milestone for blockchain-based financial products, Circle's USYC token has claimed the top position among tokenized U.S. Treasury offerings, displacing…
- Tokenpost
Circle's USYC Overtakes BlackRock's BUIDL as Tokenized Treasury Market Hits $11 Billion
Circle, widely recognized as the issuer of the USDC stablecoin, has claimed the top spot in the fast-growing tokenized U.S. Treasury market. Its USYC token has surged to…
- Blockonomi
Stablecoins With Yield Surge as US Lawmakers Clash
Yield-bearing stablecoins grew 15x faster than the broader market, as US lawmakers debate crypto-linked yield rules.
- Cointelegraph
Yield-bearing stablecoins surge as Washington fights over yield
Yield-bearing stablecoins are growing faster than the broader market as US lawmakers remain divided over how crypto yield should be regulated.
相关稳定币
Stablecoins comparable to Circle USYC by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
其他 fiat-backed 稳定币
锚定 USD 的稳定币
风险提示
稳定币存在脱锚、监管变化和交易对手风险等风险。请务必分散投资并做好自主研究。