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Stablecoin Issuer Circle Is Adjusting

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

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

The Circle Reserve Fund

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

USDC Issuer Circle Reallocates $8.7B to Repo Agreements Amidst

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

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

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

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

Circle

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

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

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