Circle Reveals Assets Backing USDC Stablecoin
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.
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| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 90.4% | 4 | $26 210.63 | 0.14% | -3.74% | $511 042 042 519 |  |
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| 2 |  ETH |
Ethereum predictions | 94.4% | 6 | $1 595.67 | 0.61% | -2.12% | $191 853 154 532 |  |
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| 3 |  USDT |
Tether predictions | 92.8% | 1 | $0.999302 | -0.03% | -0.08% | $83 208 764 786 |  |
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| 4 |  BNB |
Binance Coin predictions | 91.6% | 4 | $211.82 | 0% | -1.92% | $32 587 966 771 |  |
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| 5 |  XRP |
XRP predictions | 91.6% | 8 | $0.502536 | -0.41% | -3.20% | $26 757 645 992 |  |
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| 6 |  USDC |
USD Coin predictions | 93.6% | 1 | $1.000082 | 0% | 0.01% | $25 524 583 774 |  |
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| 7 |  STETH |
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| 8 |  WTRX |
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| 9 |  ADA |
Cardano predictions | 90% | 10 | $0.243814 | -0.40% | -4.25% | $8 564 830 439 |  |
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| 10 |  DOGE |
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| 11 |  SOL |
Solana predictions | 84.8% | 23 | $18.92 | -1.40% | -6.80% | $7 810 238 767 |  |
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| 12 |  TRX |
TRON predictions | 85.6% | 20 | $0.085185 | 0.79% | 0.50% | $7 589 746 104 |  |
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| 13 |  TON |
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| 14 |  DAI |
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| 15 |  DOT |
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