U-Turn: Centre to Convert USDC Reserves to Cash and US Treasuries
One month after expanding the USDC reserves, Centre is making a u-turn and will reverse the stablecoin’s reserves to cash and U.S. treasury bills.
Circle’s stablecoin USD Coin changes from dollar-pegged to just U.S. Treasury bonds and cash
TL;DR Breakdown • USD Coin ranks second among the most used stablecoins in the world.• Tether has a low percentage of cash deposits which alerts investors.
Visa Takes First Step Into NFT, USDC to Be Backed 100% by Cash, US Treasurys by September
“The Hash” hosts discuss today’s hot topics: Visa is hopping on the NFT bandwagon with its purchase of Cryptopunk 7610 for $150K, Poly Network confirms the hacker has submitted a…
Circle Says USDC Now 100% Backed by Cash and US Treasury BondsÂ
Stablecoin issuer Circle is making a notable adjustment to the composition of assets that back that USDC coin. In a blog post published on Sunday, the company disclosed that the…
The world’s second-largest stablecoin is undergoing a massive change
Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin USD Coin to just cash and U.S. Treasury bonds.
USDC to Be Backed 100% by Cash, US Treasuries From September
The USDC developer revealed last month that only 61% of tokens were backed by “cash and cash equivalents.”
Circle Reverts to More Conservative Investment Profile for USDC Reserves
President and chief operating officer at Coinbase, Emilie Choi, has posted an update on the reserves of the world’s second-largest stablecoin, USDC. The post Circle Reverts to More Conservative Investment…
USDC Reserves to Expand from Cash to US Treasuries
As the adoption of USDC keeps expanding, its emitters announce that they will store all USDC reserves in cash and US treasuries
Centre clarifies USDC reserves composition, citing ‘regulatory landscape’
USD Coin’s (USDC) recent growth has become an important aspect of the digital currency-enabled financial system. It has always been fully backed by reserves equal to or greater than the…
USDC reserves will be reversed to cash and US treasuries only
Starting in September, the reserves for the USDC crypto stablecoin will be held entirely in cash and short duration US Treasuries. The post USDC reserves will be reversed to cash…
