Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
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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…
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Circle’s portfolio shows strong gains with $31.33B fair value versus $19.76B cost basis. Sui leads in quantity and value, while Bitcoin holds high valuation despite smaller units. Portfolio balances established cryptos and emerging tokens like Sei, Aptos, and Optimism. Circle’s recent initial public offering (IPO) coincided with Senate approval of…
Crossmint, a prominent bank-scale, inclusive platform for integrated wallets, checkout, onramps, and other solutions, has collaborated with Arc, Circle’s newly unveiled open L1 blockchain. The main purpose of the partnership is to advance the stablecoin finance with the integration of state-of-the-art infrastructure and builder-first tools. In line with the announcement,…
Circle’s latest quarterly update reads like a clear sign that stablecoins are no longer just a crypto side story. They are becoming part of the everyday plumbing of digital finance, and Circle wants to make sure it is the company sitting in the middle of that shift. In a post…