Circle introduces USYC zero-fee tier for $1M daily volume access

Circle has introduced an automatic zero-fee tier for its USYC tokenized Treasury fund, eliminating subscription and redemption fees for daily volumes up to $1 million per wallet. This initiative applies specifically to transactions conducted on the Ethereum and Solana blockchains, targeting moderate-volume institutional investors. USYC, which represents the Hashnote International Short Duration Yield Fund, currently manages approximately $3 billion in assets as of May 2026. The fund invests in short-term U.S. Treasuries and reverse repo agreements, maintaining a $100,000 minimum investment requirement. While the zero-fee tier reduces entry and exit costs, standard fees of 0.04% for subscriptions and 0.03% for redemptions remain for volumes exceeding the daily threshold. The product is designed exclusively for non-U.S. institutional investors and offers near-instant redemptions into USDC. By lowering transaction costs, Circle aims to strengthen its competitive position against other major tokenized Treasury offerings like BlackRock’s BUIDL. This strategic move also serves to deepen the integration between USYC and the broader USDC stablecoin ecosystem.

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