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by rapsey 1494 days ago
Current market cap is 52 billion. Just where is that money?
3 comments
scrlk 1494 days ago
Apparently with BlackRock and BNY Mellon: https://decrypt.co/97795/blackrock-handle-circle-usdc-cash-r...
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koolba 1494 days ago
With treasuries paying 1.6% x $50B, that’s $66M per month of interest.
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thebean11 1494 days ago
Held by Circle and Coinbase in T bills I believe.

edit: more likely held by some holding company controlled by those two companies.

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