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Cryptocurrency News

Circle discloses full breakdown of $55.7B USDC reserves

07/15/2022

Less than a minute

2022.07.15 14:46

Circle Internet Financial has released a full breakdown of its USD Coin (USDC) holdings for the first time — a move designed to offer transparency and instill greater trust ain the stablecoin issuer.

As of June 30, Circle’s $55.7 billion reserves were comprised of $42.12 billion in short-term United States Treasuries and $13.58 billion in cash held at regulated financial institutions in the country, the company disclosed Thursday. The weighted average maturity of its Treasury assets was 43.9 days.

Source

07/15/2022

Less than a minute