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Stablecoin Issuer Circle Is Adjusting

Stablecoin issuer Circle is adjusting the reserves backing its $30 billion USD Coin ($USDC) in anticipation of a potential U.S. government default on its debt.

According to the fund's website, the Circle Reserve Fund, managed by global investment management giant BlackRock, added $8.7 billion in overnight repurchase (repo) agreements

USDC Issuer Circle Reallocates $8.7B to Repo Agreements Amidst

Usdc Issuer Circle Moves

USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default⁣ government issuer moves protect reserves

USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect

Circle moves $8.7 billion in USDC reserves into repo to protect

The Circle Reserve Fund

The Circle Reserve Fund, overseen by investment management firm BlackRock, added $8.7 billion in overnight repurchase (repo) agreements to its portfolio on May 16. These tri-party

The Circle Reserve Fund, managed by global investment management giant BlackRock, added $8.7 billion in overnight repurchase (repo) agreements to the portfolio

USDC issuer Circle is moving $8.7 billion to repo agreements, in hopes of protection from a potential U.S. government default. The Circle Reserve Fund, managed by

The Circle Reserve Fund

The Circle Reserve Fund, managed by global investment management giant BlackRock, added $8.7 billion in overnight repurchase (repo) agreements to the portfolio as of May 16, according

Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company

USDC Issuer Circle Moves $8.7B to Repo Agreements - Watcher Guru