Circle releases a detailed, but unaudited, breakdown of its reserve assets for USDC, showing $42.1B in short-term US government bonds and $13.6B in cash
The asset breakdown comes at a time when crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.
1/ As part of our commitment to increasing transparency and disclosure around USDC, today we're publishing our first monthly breakdown of the USDC reserve assets, by each and every Treasury Bond and list of cash reserve custodians. https://www.circle.com/... https://twitter.com/.…