Circle reportedly adjusts USDC reserves to avoid US default risk By Cointelegraph
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Stablecoin issuer Circle has reportedly adjusted its reserves treasury in an effort to reduce the risks of United States debt defaults.
hadAccording to a May 10 Politico newsletter, Circle CEO Jeremy Allaire said that the firm has adjusted the mix of reserves backing its (USDC) by switching to short-dated U.S. Treasurys to avoid getting caught up in a potential U.S. debt default.
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Stablecoin issuer Circle has reportedly adjusted its reserves treasury in an effort to reduce the risks of United States debt defaults.
hadAccording to a May 10 Politico newsletter, Circle CEO Jeremy Allaire said that the firm has adjusted the mix of reserves backing its (USDC) by switching to short-dated U.S. Treasurys to avoid getting caught up in a potential U.S. debt default.
Continue Reading on Coin Telegraph
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