Circle Reveals BlackRock Holds Majority of USDC Reserve Assets
A Circle executive stated that around 90% of USDC reserves are held by BlackRock, highlighting the importance of secure networks and strong institutional management.
USDC
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Terms & Concepts
USDC: USD Coin, a U.S. dollar-pegged stablecoin issued by Circle, used for fast and stable digital transactions.
Reserve Assets: The underlying collateral held to back a stablecoin, ensuring its value remains pegged to a fiat currency.
Stablecoin Custody: The practice of storing and safeguarding the reserve assets of stablecoins, often handled by trusted financial institutions.