Circle's USDC Stablecoin Reserves are 77.1% in US Treasuries and 22.9% in Cash - Ethereum World News

5/14/2022 12:00:00 AM2 years 11 months ago

USD Coin's (USDC) stablecoin reserves are 77.1% in US Treasuries and 22.9% in Cash. This is according to a recent update by the team at Circle that also

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 full article...