$BUSD Reserves Consist of 60.5% US Treasury Bills, 4.21% Cash

According to the reserve report, $BUSD was backed by $738 million in cash, representing 4.21% of total reserves, and $10.6 billion in U.S. Treasury bills with a maturity of less than 90 days, as of June 30. The 17.4 billion $BUSD tokens in circulation were also backed by another $6.2 billion in U.S. Treasury collateralized reverse repurchase agreements with overnight maturities, the reserve report showed. U.S. Treasury bills make up around 60.5% of total reserves while repo agreements represent over 35% of the reserves. The reserve report also disclosed the cash custodians, most of which are insured by the Federal Deposit Insurance Corporation (FDIC).
Source

Binance

In This Article

Related News
Binance suspends employee for allegedly profiting off of insider information Binance suspends employee for allegedly profiting off of insider information
Binance Records $3.97B Weekly Inflows Binance Records $3.97B Weekly Inflows
Binance inflows for 2024 are almost 40% higher than the next 10 exchanges combined Binance inflows for 2024 are almost 40% higher than the next 10 exchanges combined
Binance launching BFUSD, promising APY 'will never go below zero' Binance launching BFUSD, promising APY 'will never go below zero'
As Crypto Assets Gain Ground, Binance Maintains Market Leadership As Crypto Assets Gain Ground, Binance Maintains Market Leadership
Latest News More More
6 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
5 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 BlackRock launches bitcoin ETP in Europe following US success
March 21 Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open