The majority of Circle’s USDC stablecoin is backed by U.S. dollars, the company revealed on Tuesday. Circle, a global payments company, was one of USDC’s creators. It published a breakdown of its assets backing the stablecoin for the first time in its latest attestation report, which was dated July 16. According to the report, about 61% of its tokens are backed by “cash and cash equivalents,” meaning cash and money market funds.
Yankee Certificates of Deposit – meaning CDs issued by foreign (non-U.S.) banks – comprise a further 13%, U.S. Treasuries account for 12%, commercial paper accounts for 9%, and the remaining tokens are backed by municipal and corporate bonds. The company has issued about $22.2 billion worth of USDC, according to the attestation.
It’s unclear what, specifically, Circle has invested in to back USDC. The company intends to go public later this year in a merger with a special purpose acquisition company that would value Circle at $4.5 billion.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 90.4% | 4 | $26 210.63 | 0.14% | -3.74% | $511 042 042 519 | ||
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Ethereum predictions | 94.4% | 6 | $1 595.67 | 0.61% | -2.12% | $191 853 154 532 | ||
3 | ![]() |
Tether predictions | 92.8% | 1 | $0.999302 | -0.03% | -0.08% | $83 208 764 786 | ||
4 | ![]() |
Binance Coin predictions | 91.6% | 4 | $211.82 | 0% | -1.92% | $32 587 966 771 | ||
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XRP predictions | 91.6% | 8 | $0.502536 | -0.41% | -3.20% | $26 757 645 992 | ||
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USD Coin predictions | 93.6% | 1 | $1.000082 | 0% | 0.01% | $25 524 583 774 | ||
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Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
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Wrapped TRON predictions | 85.6% | 16 | $0.084835 | 1.21% | 0.19% | $8 625 708 807 | ||
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Cardano predictions | 90% | 10 | $0.243814 | -0.40% | -4.25% | $8 564 830 439 | ||
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Dogecoin predictions | 91.6% | 6 | $0.060492 | 0.30% | -3.04% | $8 540 349 300 | ||
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Solana predictions | 84.8% | 23 | $18.92 | -1.40% | -6.80% | $7 810 238 767 | ||
12 | ![]() |
TRON predictions | 85.6% | 20 | $0.085185 | 0.79% | 0.50% | $7 589 746 104 | ||
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Toncoin predictions | 58.8% | 86 | $2.17 | 0.23% | -11.19% | $7 446 763 148 | ||
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Dai predictions | 91.2% | 1 | $0.999141 | -0.05% | -0.07% | $5 343 294 102 | ||
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Polkadot predictions | 85.2% | 16 | $4.00 | -0.11% | -2.82% | $4 915 661 831 |
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