Circle executive: USDC anchored asset reserves are entrusted by BlackRock

PANews reported on September 13 that according to Caixin.com, David A. Katz, Vice President of Strategy and Public Policy at Circle, pointed out in a Singapore Forum event that digital assets must first ensure network security and the trading system will not be attacked by hackers; secondly, behind digital assets, real, high-quality, and high-liquid assets must be anchored one to one, and custodians by appropriate institutions. For example, about 90% of the asset reserves anchored by USDC are custodians by BlackRock. Circle currently has more than 900 employees, about 300 of whom are lawyers and compliance personnel. At the same time, digital assets such as stablecoins also require government supervision to become part of the international financial system.