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Coin Edition

2023-01-30 16:25:00

Circle’s December 2022 Report Says USDC is Overcollateralized

Circle’s December 2022 Report Says USDC is Overcollateralized

The USDC stablecoin issuer, Circle, has released its December 2022 report, as reviewed by the Grant Thornton accountancy group. The report reveals details of Circle’s overcollateralized assets backing USDC tokens. Altogether, the assets held by Circle are worth more than the $44.5 billion USDC tokens in circulation. According to Circle, 44,553,543,212 USDC are currently in The post Circle’s December 2022 Report Says USDC is Overcollateralized appeared first on Coin Edition .

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