Stablecoin Issuer Circle Moves USDC Reserves Into Fund Managed by BlackRock
08 November 2022 - 6:45AM
The Daily Hodl
US-based peer-to-peer payments company Circle has moved some of
its USD Coin (USDC) stablecoin reserves into a fund controlled by
$10 trillion asset management firm BlackRock. In a blog post
written by Circle’s chief financial officer Jeremy Fox-Geen, the
stablecoin issuer says it’s working towards minimizing liquidity,
counterparty, operational and reputational risks to assure USDC
[…]
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Stablecoin Issuer Circle Moves USDC Reserves Into Fund Managed by
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Stablecoin Issuer Circle Moves USDC Reserves Into
Fund Managed by BlackRock appeared first on
The Daily Hodl.
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