How the USDC Reserve is Structured and Managed
Built as a true bearer asset, USDC is backed by a reserve held in short-duration U.S. Treasuries and cash deposits within the U.S. banking system.
Jeremy brings 25 years of experience in corporate finance and financial services, as a strategic advisor, operator and finance officer, with previously held senior leadership roles at iStar and Safehold, McKinsey, PwC and Citigroup, as CFO, management consultant and finance officer.
Built as a true bearer asset, USDC is backed by a reserve held in short-duration U.S. Treasuries and cash deposits within the U.S. banking system.
BlackRock COO Rob Goldstein and Circle CEO Jeremy Allaire spoke in Davos about the companies’ growing partnership and uses for digital cash.
USDC: The Dollar’s Next Form Factor is the second part in a series, The Convergence of Money and the Internet, from Circle.
Grant Thornton’s latest monthly attestation report verifies the cash and U.S. Treasury assets backing USDC, including details on the portfolio holdings in the Circle Reserve Fund.
Circle's strong financial position, commitment to transparency, and minimal exposure to FTX and Genesis buoys its strength. Read to learn more.
We’ve deepened our partnership with BlackRock, drawing on the operational strength of the world’s largest asset manager to help safeguard the USDC reserve
Circle’s July USDC attestation report from Grant Thornton gives independent validation of the cash and U.S. Treasury assets that comprise the USDC backing
Circle continues enhancing our transparency and today has shared a detailed look at the assets backing the USDC reserve.
Circle Yield is overcollateralized and built to offer our lenders meaningful security. See how you can start protecting your capital with Circle Yield.
Circle Ventures was born to help build an open economy on the internet and foster growth across the crypto ecosystem. View our platform's pillars here.
We remain committed to transparency and trust, and will continue to enhance reporting and disclosure with simple, clear and frequent updates on USDC.
Since inception, Circle has intended for USDC to be the most transparent and trusted dollar digital currency. Learn more about USDC transparency and trust.
Digital currencies and blockchains represent a major evolution in money and the internet. Learn how Circle helps businesses prepare for this shift.