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 | 63.6% | 72 | $95 523.20 | -1.59% | -3.09% | $1 890 429 694 333 |  |
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| 2 |  ETH |
Ethereum predictions | 70.4% | 59 | $3 621.80 | -2.23% | 4.19% | $436 218 097 663 |  |
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| 3 |  USDT |
Tether predictions | 92% | 1 | $1.000303 | -0.03% | -0.06% | $134 162 795 778 |  |
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| 4 |  XRP |
XRP predictions | 58.8% | 88 | $2.35 | 22.03% | 55.33% | $134 008 145 144 |  |
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| 5 |  SOL |
Solana predictions | 65.6% | 74 | $227.22 | -4.39% | -10.92% | $107 963 781 068 |  |
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| 6 |  BNB |
Binance Coin predictions | 81.2% | 31 | $639.63 | -2.52% | -4.93% | $92 113 151 283 |  |
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| 7 |  DOGE |
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| 8 |  USDC |
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| 9 |  ADA |
Cardano predictions | 59.2% | 84 | $1.098899 | 2.62% | 3.22% | $38 555 845 015 |  |
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| 10 |  AVAX |
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| 11 |  TRX |
TRON predictions | 60.4% | 80 | $0.206824 | -0.55% | -2.23% | $17 849 842 228 |  |
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| 12 |  SHIB |
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| 13 |  TON |
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| 14 |  XLM |
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| 15 |  DOT |
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