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Ethereum World News 2022-05-14 09:43:33

Circle’s USDC Stablecoin Reserves are 77.1% in US Treasuries and 22.9% in Cash

Summary: USDC’s reserves are 77.1% ($39 billion) in US Treasuries and 22.9% in Cash ($11.6 billion) The reserves are worth $50.6 billion and match the amount of USDC in circulation Circle, the parent company of USDC, is committed to transparency and trust concerning the stablecoin The update on USDC’s reserves comes at a time when other stablecoins have depegged from the $1 mark, and users are concerned that they might collapse, as was the case with TerraUSD (UST) USD Coin’s […]

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