- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Circle Executive: USDC's Asset Reserve is Approximately 90% Held by BlackRock
BlockBeats News, September 13th. According to Caixin's report, at the "Asia Vision Forum 2025" held in Singapore, David A. Katz, Vice President of Strategy and Public Policy for Circle in Asia Pacific, stated that cross-border transactions are a key use case for stablecoins. Therefore, issuing a RMB-backed stablecoin will help promote the internationalization of the RMB.
Katz emphasized that the issuance of digital assets must meet two core requirements: first, ensuring network security to prevent hacking attacks; second, digital assets must be pegged one-to-one to real, high-quality, highly liquid assets and held in custody by appropriate institutions. He revealed that approximately 90% of the assets backing USDC are held in custody by BlackRock.
You may also like
Gainers
Latest Crypto News
Trump Says Fed Chair Should Cut Interest Rates, Reiterates Criticism of Powell
In the past 24 hours, the entire network liquidated $376 million, with the majority coming from the largest short position
The probability of a 25 basis point interest rate cut by the Federal Reserve in December is currently at 87.2%.
Trump: Will Announce New Fed Chair in Early Next Year
Coinbase International Site to Launch DASH Perpetual Contract Trading
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App