Question

Where are USDC assets held?

Answer 1

USDC assets are held in regulated financial institutions and banks around the world. The reserves backing USDC are held by these financial institutions and undergo regular audits to ensure that the amount of USDC in circulation is fully backed by the equivalent US dollars in reserve.

Answer 2

The majority of the USDC reserve is held in the Circle Reserve Fund (USDXX), an SEC-registered 2a-7 government money market fund. The Circle Reserve Fund can contain cash, short-dated US Treasuries and overnight US Treasury repurchase agreements with leading global banks.

Answer 3

USDC assets are held in reserve by regulated financial institutions. The reserves backing USDC are held in segregated accounts to ensure that the assets are fully backed by US dollars at all times.