Binance Square
LIVE
LIVE
Crypto Insider Community
--601 views
Traduci
Circle is transferring $8.7 billion USD into repo agreements to protect its reserves from the potential default of the US government. USDC issuer, Circle, is moving $8.7 billion USD into repo agreements, hoping to safeguard against the risk of default by the US government. Circle's reserve fund, managed by global investment giant BlackRock, has added money to overnight repo agreements as part of its investment portfolio since May 16, according to the fund's website. A spokesperson for Circle stated, "While this plan has been in progress for several months, including these highly liquid assets also provides additional protection for the USDC reserve in the event of a US default that is uncertain." Circle's CEO, Jeremy Allaire, has also expressed concerns about the potential default of the US government.

Circle is transferring $8.7 billion USD into repo agreements to protect its reserves from the potential default of the US government.

USDC issuer, Circle, is moving $8.7 billion USD into repo agreements, hoping to safeguard against the risk of default by the US government.

Circle's reserve fund, managed by global investment giant BlackRock, has added money to overnight repo agreements as part of its investment portfolio since May 16, according to the fund's website.

A spokesperson for Circle stated, "While this plan has been in progress for several months, including these highly liquid assets also provides additional protection for the USDC reserve in the event of a US default that is uncertain." Circle's CEO, Jeremy Allaire, has also expressed concerns about the potential default of the US government.

Disclaimer: include opinioni di terze parti. Nessuna consulenza finanziaria. Consulta i T&C.
0
Creator pertinente
LIVE
@Crypto_Insider_Community

Scopri di più dal Creator

--

Ultime notizie

Vedi altro
Mappa del sito
Cookie Preferences
T&C della piattaforma