Circle Commits to Weekly USDC Reserve Reports as Stablecoin Jitters Rock the Crypto Markets

Circle Commits to Weekly USDC Reserve Reports as Stablecoin Jitters Rock the Crypto Markets


Ethereum World News
2022-05-21 12:09:37

Summary: Circle’s team has stated it is committed to providing weekly reserve reports for USDCoin (USDC). Tether also issued its latest assurance report on USDT’s reserves earlier this week. Both Circle and Tether’s commitment to transparency comes in the wake of increased anxiety and scrutiny of stablecoins as a result of UST’s massive crash of over 90% The Co-founder and CEO of Circle, Jeremy Allaire, has announced that the company remains committed to its goal of providing weekly reserve reports […]