terra bitcoin reserve missing 1000x600 1 Circle's USDC Stablecoin Reveals Its Reserve!

Circle’s USDC Stablecoin Reveals Its Reserve!

Circle has begun sharing mint and burn data for its USD Coin stablecoin.

The stablecoin maintains a one-to-one peg with the dollar.

The company said its USDC reserve is held solely in cash and three-month U.S. treasuries.

Bitcoin rose about 5% from its low in 24 hours, finishing the day up about 2%.

Ethereum added 4.3% and was trading at around $1,100 in the last 24 hours.

The report notes that bitcoin did find buyers quickly on the decline.

Celsius has a $1.3 billion hole in its balance sheet, according to a court filing.

 

 

terra bitcoin reserve missing Circle's USDC Stablecoin Reveals Its Reserve!
Circle's USDC Stablecoin Reveals Its Reserve! 3

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