The CEO of Circle, the company behind the USD Coin Stablecoin (USDC), said it will report information about its reserves once a week.
According to the report, the total supply of the asset is 52.9 billion USDC.
As of May 20, the USDC is backed by $53 billion in reserves. The reserves include $40.2 billion in short-term Treasury bonds and $12.8 billion in cash.
Holpop News
Holpop News
Circle will report information about USDC stabelcoin reserves once a week
posted on May 23, 2022 by holpop in Blockchain
