The popular go-between for crypto traders keeps its dollar peg with a mix of cash, cash equivalents and U.S. Treasuries. There are just under 52 billion USDC in circulation as of press time, according to Circle’s website. USDC is the crypto market’s second-largest stablecoin by issuance size, behind only Tether’s USDT.
BNY Mellon to Custody Assets Backing Circle’s USDC Stablecoin
