USDC Releases Its Assets Reserves Report As Other Stablecoins Stumble

Posted on August 29, 2022 by

Stablecoin issuers have been under the radar over the quality of the reserves backing the tokens they issue. Circle Internet Financial LLC (Circle), the issuer of stablecoin USDC, has released its reserves report as of July 31, 2022. A bold transparency statement on Circle’s website states that: “The stablecoins we issue are built to a