Coin Edition -
- Crypto Analyst explains the attestation report of Circle on Twitter.
- Reports reveal that 30% of USDC’s reserves were invested in the government money market fund.
- USDC reserves invested in the Circle Reserve Fund have risen to around 65%.
Crypto Analyst John Paul Koning, who was intrigued by the findings of the Circle’s attestation report, took to Twitter to explain the reserve fund assets of USDC stablecoin. Koning examined the reports which showed that 30% of USDC’s reserves, approximately $12.79 billion, were invested in the government money market fund.
Circle's most recent attestation report shows 30% of USDC's reserves – or $12.79 billion – are invested in its government money market fund, the Circle Reserve Fund, managed by BlackRock (NYSE:BLK). This is up from 0% in October.https://t.co/ovcIMrezzM pic.twitter.com/1zNeyKue7K— John Paul Koning (@jp_koning) January 8, 2023
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