Редактор жаңылыктары- Together with the asset manager, it established a government money market fund.
- The official blog article states that it will be exclusive to Circle.
тегерек, the stablecoin USDC’s issuer, recently made a public announcement that it will put a part of the USDC reserves into the Circle Reserve Fund. Кара таш established the SEC-compliant fund, which will invest mostly in cash and US Treasury securities.
Together with the asset manager, it established a government money market fund. The official blog article states that it will be exclusive to Circle. Since November 3, the company has been working to transfer the reserves backing the USDC stablecoin to the Circle Reserve Fund. This transition is scheduled to be completed by the end of the first quarter of 2023.
Жарыяда мындай деп айтылат:
«Бүгүн BlackRock менен өнөктөштүк аркылуу биз USDC резервдеринин бир бөлүгүн башкаруу үчүн Circle Reserve Fundка инвестициялай баштадык. Circle Reserve Fund - бул BlackRock Advisors, LLC тарабынан башкарылуучу 2a-7 эрежеси боюнча катталган мамлекеттик акча рыногунун фонду жана анын портфели накталай акчалардан жана АКШнын кыска мөөнөттүү казыналарынан турат.
Bear Market Impact
After BlackRock led Circle’s $400M fundraising round in April, the two companies expanded their strategic alliance. The asset manager was apparently assigned the role of “a primary asset manager of USDC cash reserves.”
Last year saw a huge increase in the use of stablecoins, but the current bear market has slowed that growth. Tether (USDT) held on to its lead, while USDC lagged well behind, allowing Binance USD (BUSD) to surge ahead.
Statistics from CoinMetrics show that the supply of USDC has been trending downward in recent weeks. However, the stablecoin remains the dominant quote asset in толугу менен and on decentralized exchanges (DEXs).
Сизге сунушталат:
Source: https://thenewscrypto.com/circle-to-invest-in-blackrock-managed-circle-reserve-fund/