Crypto Analyst: 30% USDC Invested In Govt Market Fund

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Crypto Analyst explains the attestation document of Circle on Twitter.
Reports point out that 30% of USDC’s reserves were invested in the authorities money market fund.
USDC reserves invested in the Circle Reserve Fund have risen to spherical 65%.

Crypto Analyst John Paul Koning, who used to be intrigued by the findings of the Circle’s attestation document, took to Twitter to show conceal the reserve fund resources of USDC stablecoin. Koning examined the experiences which showed that 30% of USDC’s reserves, roughly $12.79 billion, were invested in the authorities money market fund.

Circle's most fresh attestation document exhibits 30% of USDC's reserves – or $12.79 billion – are invested in its authorities money market fund, the Circle Reserve Fund, managed by BlackRock (NYSE:BLK). That is up from 0% in October.https://t.co/ovcIMrezzM pic.twitter.com/1zNeyKue7K— John Paul Koning (@jp_koning) January 8, 2023