$USDC

Reserve Composition

The reserves of USDC consist of cash and short-term U.S. Treasury securities, primarily held in regulated financial institutions. According to public information:

Cash: Includes dollar deposits held in the U.S. banking system for immediate redemption needs.

Short-term U.S. Treasury securities: High proportion; these assets are highly liquid and have a high credit rating, effectively balancing safety and yield.

Other low-risk assets: Such as overnight Treasury repurchase agreements, further ensuring fund liquidity.

Reserve Management

Custodian: The reserves are managed in cooperation with regulatory institutions such as Circle and BNY Mellon, ensuring segregated storage.

Transparency: The amount of reserves and audit reports are published monthly, verified by third-party institutions (such as Deloitte) to ensure a 1:1 correspondence between reserves and circulating USDC.

Compliance: Adheres to U.S. money transmission regulations and obtains financial licenses at both state and federal levels (such as the New York State BitLicense).