Stablecoin Issuer Circle Reveals Comprehensive Breakdown of USD Coin Reserves in Push Toward Transparency

Stablecoin issuer Circle is unveiling a full breakdown of its USD Coin (USDC) reserves as part of its commitment to increase transparency. According to a new company blog post, Circle is issuing its first ever monthly breakdown of USDC reserve assets to demonstrate the stablecoin’s full backing and peg to the US Dollar. “Today we are keeping commitment and issuing our first monthly full breakdown of the USDC reserve assets, as of June 30, 2022, as well as a complete list of USDC reserve custodians. We are working toward providing daily disclosure as well as securing permissions from our