Circle shuns long-term Treasurys amid U.S. debt default concerns

Circle shuns long-term Treasurys amid U.S. debt default concerns


Cryptopolitan
2023-05-11 15:17:44

Circle, the company responsible for issuing the USDC stablecoin, has decided to avoid holding U.S. Treasury bonds that mature beyond early June. The decision stems from concerns that the U.S. government might default on its debt if politicians fail to agree on raising the debt ceiling. In an interview with Politico, Circle CEO Jeremy Allaire ... Read more