Circle reserve attestation shows USDC reserves above circulating supply
Circle issued its latest monthly reserve attestation for USDC. Deloitte’s review found reserve assets above total circulating supply, with reserves at $34.5 billion backed primarily by short-term U.S. Treasury bills and overnight repurchase agreements.
Circle has issued its latest monthly reserve attestation for USDC, with Deloitte’s review showing reserve assets above total circulating token supply.The attestation states that USDC reserves stood at $34.5 billion and were backed primarily by short-term U.S.
Treasury bills and overnight repurchase…