Deepening Our Partnership with BlackRock - Circle

Nov 3, 2022 · 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. This is part …

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Circle(USDC) Backed And Managed By Blackrock And Goldman …

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Circle, the issuer of USD Coin (USDC), did a rounding round with US$50 million led by Goldman Sachs. They also entered into an agreement for a $400M funding round with investments from …

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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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BlackRock To Handle Circle's USDC Cash Reserves As Part Of $400M ...

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Apr 13, 2022 · On Tuesday, cryptocurrency payments firm Circle announced a $400 million funding round led by asset management firm BlackRock, with further investments from Fidelity …

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USDC | Digital Dollars Backed 1:1 With USD - Circle

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USDC is a digital dollar backed 100% by highly liquid cash and cash-equivalent assets and is redeemable 1:1 for US dollars. The majority of the USDC reserve is invested in the Circle …

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USDC Issuer Circle Backed By BlackRock (BLK) In $400 Million …

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Apr 12, 2022 · Circle Internet Financial Ltd., the issuer of USD Coin, the second-largest stablecoin, landed $400 million in funding from a group that includes BlackRock Inc. and …

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Circle Raises $400M As BlackRock Explores USDC - CoinDesk

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Apr 12, 2022 · Updated May 11, 2023 at 5:35 p.m. UTC. Circle founder and CEO Jeremy Allaire (Circle) Circle Internet Financial said it raised $400 million in a funding round that included …

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FAQs about Deepening Our Partnership with BlackRock - Circle Coupon?

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. ...

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. ...

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. ...

Who is Blackrock & circle?

BlackRock is a major asset management firm. Circle issues the USDC stablecoin. BlackRock will serve as a strategic partner in Circle. We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! ...

What is the reserve composition for the Circle Reserve Fund?

We expect the reserve composition will continue to be approximately 20% cash and 80% short duration U.S. Treasuries. The Circle Reserve Fund is a registered Rule 2a-7 government money market fund managed by BlackRock Advisors, LLC and its portfolio will consist of cash and short-dated U.S. Treasuries. ...

What's going on with Circle & Blackrock?

Subscribe now to Alpha Reports and up your game! On Tuesday, cryptocurrency payments firm Circle announced a $400 million funding round led by asset management firm BlackRock, with further investments from Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. ...