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    Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries

    • Post author:MiamiCrypto
    • Post published:May 16, 2022
    • Post category:Blog Post/Cash/cash reserves/Circle CEO/Circle CFO/DAI/FEI/fiat-pegged tokens/Jeremy Allaire/Jeremy Fox-Geen/LUSD/MIM/News/report/Short-Term Paper/stablecoin assets/Stablecoin Economy/Stablecoin Tokens/Stablecoins/Tether (USDT)/Transparency/Treasuries/TRUST/US Bonds/USDC/USDD/USDV

    On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since…

    Continue ReadingCircle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
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