Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund

, which is managed by asset management giant BlackRock , has started “building up our direct holdings of Treasuries,” chief financial officer Jeremy Fox-Geen said Wednesday during a company call that CoinDesk attended.Circle Reserve Fund holdings the backing of its stablecoin last month to protect USDC from a potential fallout if the U.S. government failed to increase its ability to borrow and default on its debt.

CEO Jeremy Allaire said in early May that the firm would not hold bonds maturing beyond the end of the month. By June, CoinDesk reported that the reserve fund

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Woman pepper sprayed in face by woman loitering outside Oxford Circle business, police sayPolice are asking for the public's help to identify and locate a woman they say assaulted another woman outside her own business earlier this month.
Source: FOX29philly - 🏆 570. / 51 Read more »

NZ FinMin Robertson, Treasury criticize higher interest rates“There have been long standing concerns that the market is not working well for New Zealanders,” said New Zealand (NZ) Minister of Finance (FinMin) Gr
Source: FXStreetNews - 🏆 14. / 72 Read more »