The news provided by Circle itself in its latest report about the management of the fledgling reserve fund is well received by investors in both the stable USDC and the crypto world in general, who see the entry of banks into the industry as a transparency move.
Circle is a company established ten years ago now (2013) by Jeremy Allaire and Sean Neville, it deals with peer-to-peer payments and its stablecoin is USDC.
Circle wanted to intervene by communicating the start of some “anomalous” relationships for a crypto company but which the community of this fantastic asset has welcomed very favorably recognizing the move as a sign of openness and transparency.
Circle: BlackRock manages 30% of USDC reserves
The company, in its latest report reveals how 75% of the reserve fund (Circle Reserve) is composed of US Treasury bonds and $12.79 billion is in the hands of investment bank BlackRock (NYSE: BLK).
According to the attestation report issued, Circle has 30% of USDC’s reserves
We współpracy z: https://en.cryptonomist.ch/2023/01/10/circle-increases-reserves-usdc/
