Partager cet article
USDC to Be Backed 100% by Cash, US Treasurys
The USDC developer revealed last month that only 61% of tokens were backed by "cash and cash equivalents."
Par Jamie Crawley
Stablecoin USDC will be 100% backed by cash and short-term U.S. Treasurys by September, developer Circle announced.
- Circle revealed last month that only 61% of tokens were backed by "cash and cash equivalents," referring to cash and money-market funds.
- The September attestation published by Circle will show that all USDC reserves are held in cash and short-term U.S. government Treasurys, the company announced Sunday.
- Circle revealed plans in July to go public via special purpose acquisition corporation (SPAC) Concord Acquisition Corp. in a deal that would value Circle at $4.5 billion.
- Earlier this month, Circle announced its desire to become "a full-reserve national commercial bank" operating under the supervision of the U.S. Federal Reserve, U.S. Treasury Dept., Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC).
Read more: Coinbase Says USDC Reserves to Be Held In Cash, Short-Term Treasurys From September
Больше для вас
The S&P 500 posted its longest weekly winning streak since 2023 and Brent oil stabilized near $92 on US-Iran ceasefire hopes. The biggest cryptocurrencies still drifted lower, with Hyperliquid's HYPE the only major name to rally.
Что нужно знать:
- U.S. stocks and oil rallied, with the S&P 500 logging a ninth straight weekly gain and Brent crude hovering near $92 a barrel on hopes for a U.S.-Iran ceasefire extension.
- Major cryptocurrencies lagged the macro rally, with bitcoin, ether and other large-cap tokens falling around 2% to 6% amid cooling...
Top Stories
