Circle Restarts U.S. Treasury Purchases in BlackRock-Managed …

Jun 21, 2023 · Stablecoin issuer Circle Internet Financial has started buying U.S. Treasury bills as a reserve asset for its $28 billion USD Coin after ditching all holdings amid the U.S. debt …

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Circle Restarts U.S. Treasury Purchases In BlackRock-Managed …

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Jun 21, 2023 · Stablecoin issuer Circle Internet Financial has started buying U.S. Treasury bills as a reserve asset for its $28 billion USD Coin after ditching all holdings amid the U.S. debt …

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Circle Restarts U.S. Treasury Purchases In BlackRock-Managed …

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Jun 21, 2023 · As of June 20, Circle added $2.2 billion of T-bills to the fund, while repos constituted some 90% of the fund’s $24.7 billion in assets, according to BlackRock’s website. …

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Circle Restarts U.S. Treasury Purchases In BlackRock-Managed …

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Stablecoin issuer Circle Internet Financial has started buying U.S. Treasury bills as a reserve asset for its $28 billion USD Coin after ditching all holdings amid the U.S. debt ceiling standoff …

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Circle Restarts U.S. Treasury Purchases In BlackRock-Managed …

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Jun 21, 2023 · As of June 20, Circle added $2.2 billion of T-bills to the fund, while repos constituted some 90% of the fund’s $24.7 billion in assets, according to. Subscribe to Updates …

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USDC Stablecoin Issuer Circle’s Hope For Access To New

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Apr 26, 2023 · Circle, issuer of the $31 billion USDC stablecoin, keeps some $25 billion of the reserves in short-term U.S. Treasury bills in a bespoke BlackRock-managed fund called the …

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USDC Issuer Circle Moves $8.7B To Repo Agreements To Protect …

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May 17, 2023 · The Circle Reserve Fund, managed by global investment management giant BlackRock, added $8.7 billion in overnight repurchase (repo) agreements to the portfolio as of …

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FAQs about Circle Restarts U.S. Treasury Purchases in BlackRock-Managed … Coupon?

Why did Blackrock invest in the Circle Reserve Fund?

This has guided our approach to regulation, liquidity and transparency and shaped our strategy of partnering with leading financial institutions. Through our partnership with BlackRock, we have begun investing in the Circle Reserve Fund to manage a portion of the USDC reserves. ...

Who owns the Circle Reserve Fund?

The Circle Reserve Fund, managed by global investment management giant BlackRock, added $8.7 billion in overnight repurchase (repo) agreements to the portfolio as of May 16, according to the fund’s website. The so-called tri-party repo agreements involve banking giants such as BNP Paribas, Goldman Sachs, Barclays and Royal Bank of Canada. ...

Why is circle rebalancing its USDC reserve fund?

Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said. Stablecoin issuer Circle Internet Financial is rebalancing the reserves backing the $30 billion USD Coin ( USDC) as it braces for the risk of a U.S. government debt default. ...

What happened to circle's treasuries?

As part of the preparations, Circle’s fund ditched Treasurys that mature beyond the end of this month as of May 10, with rotating the assets into cash or government repo transactions instead, the Circle spokesperson said. The collateral for any such repo transactions exclude securities maturing within three days, the spokesperson added. ...

Are repurchase agreements still part of Circle's Reserve Fund?

Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call. Sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. ...

What is circle's attestation report on the USD Coin (USDC) reserve?

This is part of Circle’s ongoing Trust & Transparency series. As part of Circle’s continued commitment to transparency, the latest independent attestation report on the USD Coin (USDC) reserve provides details on the portfolio holdings of the Circle Reserve Fund, a fund managed by BlackRock Advisors, LLC, the world’s largest asset manager. ...