Insurance coverage active

Circle USYC's assessment for RD-F-089 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

No active on-chain insurance coverage identified on Nexus Mutual, Unslashed, Sherlock, or equivalent. Data cache bug_bounty.platform: null and max_payout_usd: null. No Immunefi or equivalent program found. TVL at assessment: $2.97B. Near-default red for large protocols without on-chain smart-contract cover. Off-chain fund-level insurance (custody, prime broker) is likely but is not equivalent to on-chain smart-contract cover under the factor definition.

Sources #

Internal
Circle USYC Data Cache -- bug bounty field null.research/protocols/circle-usyc/00-data-cache.json bug_bounty: {platform: null, max_payout_usd: null}retrieved 2026-05-16
URL
Immunefi Bug Bounty Programs listing -- no USYC program foundImmunefi bug bounty search for Circle USYC returned no programretrieved 2026-05-16

Methodology #

Determine whether active coverage on Nexus Mutual, Unslashed, Sherlock, or equivalent is in force; record cover size in USD.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol circle-usyc factor RD-F-089 score red collected_at 2026-05-15 21:56:43