Circle Begins Putting Reserves Into New BlackRock Fund PlatoBlockchain Data Intelligence. Vertical Search. Ai.
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Circle Begins Putting Reserves Into New BlackRock Fund

“This is a wrapper for the USDC reserve that brings benefits of that wrapper to the USDC and the ecosystem,” said Circle Chief Financial Officer Jeremy Fox-Geen, in an interview with CoinDesk. All of the company’s short-term Treasury assets will be phased into the fund, though the cash reserve — about 20% of the total — will still be held in partner banks, Fox-Geen said, because it allows for customers to more easily redeem USDC around the clock.

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  • Source: https://www.coindesk.com/business/2022/11/03/circle-begins-putting-reserves-into-new-blackrock-fund/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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