Circle's $USDC Reserve Worth $55.7B, Consists of Cash and US Treasury Securities

Circle released its first monthly full breakdown of the $USDC reserve assets. The report shows that, as of June 30th, $USDC reserve is worth $55.7 billion, held solely in cash and 3-month U.S. Treasuries, $13.58 billion of which is in cash and $42.12 billion is in three-month Treasury securities. The total $USDC in circulation is around 55.57 billion.