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ICYMI: USDC Reserves…
ICYMI is an ongoing series of blog posts memorializing important Twitter threads from thought leaders at Coinbase and beyond. In this thread from 08/22/2021, Coinbase COO and President Emilie Choi clarifies the situation surrounding USDC reserves.@emiliemcQuick update on USDC. Starting September 2021, USDC reserves will be held in cash and short-duration US government treasuries. This is the approach we want for USDC reserves.USDC has always been fully backed by reserves equal to or greater than...