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3232Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
https://www.digit.info/circle-says-usdc-reserve-backed-entirely-in-cash-and-short-dated-us-treasuries/
Mon, 16 May 2022 14:00:35 +0000https://www.digit.info/2022/05/16/circle-says-usdc-reserve-backed-entirely-in-cash-and-short-dated-us-treasuries/Read more]]>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 usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on […]
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 usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on […]