Circle just made it cheaper to move in and out of its tokenized money market fund. The company is rolling out an automatic zero-fee tier for USYC, eliminating subscription and redemption fees on up to $1 million in combined daily volume per wallet across Ethereum and Solana.
The keyword there is “automatic.” There’s no opt-in, no application, no hoops to jump through. If your daily volume stays under the threshold, you pay nothing. Go above it, and standard fees kick in: 0.04% on subscriptions, 0.03% on redemptions.
What USYC actually is, and why this matters
Think of USYC as a bridge between old-school Treasury investing and the on-chain world. It’s a tokenized version of the Hashnote International Short Duration Yield Fund, which parks capital in short-term US Treasuries and reverse repo agreements.
Circle acquired Hashnote and its flagship product in January 2025. The fund originally launched back in May 2023 with a $100K minimum investment, a bar that still stands today.
