USYC: Tokenizing the Short-Duration Yield Game — Without the Headaches

Yield hunting just got an upgrade. USYC (US Yield Coin) isn’t just another stablecoin — it’s an on-chain wrapper for Hashnote’s Short Duration Yield Fund (SDYF), giving investors exposure to short-term Treasuries and repo markets with blockchain efficiency. No middlemen, no opacity, just T-bill returns with DeFi mechanics.

Why USYC? Because Traditional Finance is Stuck in 1999

The SDYF invests in ultra-short-duration U.S. Treasury Bills and engages in repo/reverse-repo transactions — essentially the safest, most liquid corner of fixed income. But instead of waiting days for settlements or dealing with legacy fund redemptions, USYC offers same-day (T+0) or next-day (T+1) minting/redemption via smart contracts.

How It Works: The Nuts & Bolts

• Onboarding: U.S. investors must qualify as QEPs; international investors access via a CIMA-regulated offshore fund. KYC/AML? Non-negotiable.
• Minting: Deposit USDC or PYUSD → get USYC at NAV, updated via Chainlink oracle.
• Redemption: Burn USYC → receive stablecoins or fiat, no lockups, no surprises.

Security & Compliance: Not Your Rug-Pull Neighbor