Circle extends USYC’s Treasury duration without changing USDC access
Circle has shifted the assets backing its USYC fund into longer-dated US Treasury bills while maintaining USDC subscriptions and redemptions.
Circle has shifted the assets backing its USYC fund into longer-dated US Treasury bills while maintaining USDC subscriptions and redemptions. USDC (USDC) is trading at $0.9996. This is an original TLT brief synthesising 2 outlets (Crypto.news, Blockonomi), plus live market data, as of Tue, 10 Nov 2026 16:00:04 UTC.
The move changes the maturity profile of USYC’s underlying Treasury holdings while preserving its connection to USDC and its existing token arrangements.
- Circle moved USYC’s underlying assets into longer-dated Treasury bills.
- USDC subscriptions, redemptions and token arrangements remain unchanged.
- USYC has a $2.1B market cap; USDC supply is $70.39B.
- Crypto market cap is $2.56T, while Fear & Greed stands at 32.
- Circle’s Q3 revenue reaches $865M as USDC activity expands
- Circle’s ARC sale boosts earnings as USDC yield pressure grows
- Circle expanded USDC supply by $1B in minutes without breaking its dollar peg
- Samsung-Stripe partnership targets USDC access for 82 million phones
- Circle Reports Freezing $1.1B in USDC During Binance Probe
- Circle Says USDC Onchain Volume Climbed 49% in Q3 2026
- Circle extends USYC’s Treasury duration without changing USDC access — this brief
Crypto.news reports that Circle moved the fund backing USYC into longer-dated US Treasury bills. The change affects the maturity profile of the assets supporting the tokenized Treasury product, but the supplied coverage does not identify the specific maturities selected or disclose the size of the reallocation.
Circle is retaining the established connection between USYC and 
USDC. According to Crypto.news, subscriptions and redemptions through USDC will continue, as will the existing token arrangements associated with the fund.
DeFiLlama reports a USDC circulating supply of $70.39B. Live market data place USDC at $0.99947, unchanged over 24 hours and up 0.02% over seven days, with a $70.12B market cap. USYC is listed at $1.14, also unchanged over 24 hours and up 0.07% over seven days, with a $2.1B market cap.
The wider crypto market was broadly flat, with total capitalization at $2.56T. 
Bitcoin was up 0.66% over 24 hours, while the Fear & Greed index stood at 32, indicating a Fear reading. The next points to monitor are whether Circle specifies the selected Treasury maturities and whether the unchanged USDC operating arrangements remain in place following the reallocation.
Since this brief published about 11 hours ago, USDC (USDC) has moved from $0.9995 to $0.9996 — +0.02%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₦1,383.5 (about $0.9996), up 0.0% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 10, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Circle extends USYC’s Treasury duration without changing USD — questions & answers
What assets did Circle move USYC into?
Crypto.news reports that Circle moved the fund backing USYC into longer-dated US Treasury bills.
Are USDC subscriptions and redemptions affected?
No. Circle is retaining USDC subscriptions, redemptions and the fund’s existing token arrangements.
How large are USDC and USYC currently?
DeFiLlama reports USDC circulating supply of $70.39B, while live market data place USYC’s market cap at $2.1B.
How much is 1 USDC worth in naira today?
About ₦1,383.5 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9996. The naira price moves with both USDC's US-dollar price and the USDT/NGN rate; use our USDC in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news, Blockonomi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.