Circle: USDC Backed 61% by Cash and Cash Equivalents

Name: Circle: USDC Backed 61% by Cash and Cash Equivalents
Uploaded: 2021-07-20T22:13:05Z
Duration: 5 min 357 s
Description: In its latest attestation report, global payments company Circle revealed Tuesday about 61% of its stablecoin USDC is backed by “cash and cash equivalents,” meaning cash and money market funds. “The Hash” panel discusses Circle’s breakdown of its asset reserves, at least partially answering swirling questions about how USDC is supported.

Jul 20, 2021

In its latest attestation report, global payments company Circle revealed Tuesday about 61% of its stablecoin USDC is backed by “cash and cash equivalents,” meaning cash and money market funds.

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