Circle starts pouring money into its Reserve Fund, aims to fill it in 2023
Circle starts pouring money into its Reserve Fund, aims to fill it in 2023
BLK
+3.52%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
USDC/USD
-0.01%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Circle, the issuer behind USD Coin (UDSC), announced that it has now begun to invest part of its funds in Circle Reserve Fund, created earlier in a partnership with the world’s largest asset manager, BlackRock (NYSE:BLK). The move came as a part of Circle’s effort to minimize risks and guarantee its holders the redeemability of their coins.
According to a corporate blog post from Nov. 3, the Circle Reserve Fund is a registered Rule 2a-7 government money market fund managed by BlackRock, with a portfolio consisting of cash and short-dated U.S. Treasurys.