USDC Issuer Circle Has Ditched All U.S. Treasuries From Stablecoin Reserve Fund Amid Debt Ceiling Showdown

by Jeremy

It is a important change for the reason that finish of April, when the fund held greater than $30 billion in U.S. Treasury bonds, in keeping with Circle’s month-to-month attestation. The final Treasury bond value $4 billion among the many fund’s holdings matured on Tuesday, the fund’s web site confirmed.

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