#usdc What Happens to USDC Reserves If Circle Goes Bankrupt?

Circle's stock is soaring right now—but what happens to the assets backing its USDC stablecoin if the public firm goes bust?USDC issuer Circle’s “moon landing moment” of its IPO and subsequently soaring stock price do little to change the stability of its flagship stablecoin, S&P Global analysts told Decrypt. But questions remain over what might happen if the publicly traded issuer were to go bankrupt.$USDC