reserves

According to the official data of Circle, from March 10 to March 17, Circle issued a total of 2.2 billion USD of USDCs and redeemed 8.7 billion USD of USDCs, resulting in a decrease in circulation of approximately 6.5 billion USD. As of March 17, the total circulation of USDC was US $36.9 billion, and the reserve was US $37.1 billion, including US $8.1 billion in cash and US $29 billion in short-term US treasury bond bonds. USDC circulation decreased by $6.5 billion in the past week Analysis based on this information:Circle Inc, a blockchain-based fintech company, has revealed that it issued $2.2 billion worth of USDC (USD Coin) between March 10 and March 17 this year. USDC is a stablecoin pegged to the value of the US dollar, meaning its value is not prone to the price fluctuations that affect the cryptocurrency market. The company also revealed that during the same period, 8.7 billion USDC was redeemed, leading to…

According to reports, Archblock, the issuer of TrueUSD stable coins, has transferred $1 billion of reserves supporting the token to a bank in the Bahamas. An independent accounting firm released real-time proof on Wednesday that Archblock oversees approximately $2 billion of reserves supporting its TrueUSD stable currency and currently holds more than $1.4 billion in funds at Nassau Capital Union Bank. This is an increase from $438 million on March 10th. (Bloomberg) Archblock, the issuer of TrueUSD stable currency, transferred $1 billion of reserves to the Bahamas Analysis based on this information:Archblock has recently moved to transfer $1 billion in reserves for its TrueUSD stable coins to a bank in the Bahamas, according to reports. This move is likely reflective of a growing shift among major players in the cryptocurrency space towards offshore banking solutions, which can offer greater flexibility and ease of use as compared to traditional banking institutions. The move was verified by an independent accounting firm, which…

On March 11, Hal Press, CEO of North Rock Digital, a hedge fund, tweeted that Circle held 77% of the reserves in the treasury bills of 1 to 4 months, providing…

On March 11, it was reported that the proportion of USDT in the 3-pool of the stable currency exchange agreement Curve fell to 1.9%, leaving only 8.3 million, …

On February 25, according to official data, as of February 23, Circle issued a total of US $2.1 billion of USDC and redeemed US $1.5 billion of USDC in the pas…

On February 22, Nansen data showed that among the current reserves of nearly $3.372 billion, the proportion of USDC rose to 55.78%, about 1.877 billion; Howeve…

It is reported that, according to official data, from February 9 to February 16, Circle issued a total of US $9.7 billion of USDCs and redeemed US $9.6 billion…

According to the report, Tether\’s official document \”Evolution of Tether Reserves\” pointed out that in 2022, Tether will reduce the risk of commercial paper to…

It is reported that Circle reported to the New York Financial Services Department (NYDFS) in the fall of 2022, complaining that the blockchain data showed that…

On February 14, CZ said in a speech on Binance\’s official Twitter Space that the stable currency is still very important at this stage, and most people still n…

On February 13, the Aave community launched a proposal aimed at freezing the BUSD reserves in the Aave V2 Ethereum market. The proposal believed that the circu…