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.