Circle executive: USDC anchors about 90% of its asset reserves are entrusted by BlackRock

Odaily Planet Daily News According to Caixin.com, at the "Asia Vision Forum 2025" held in Singapore, David A. Katz, vice president of strategy and public policy of Circle, which issued stablecoin USDC, said that cross-border business is an important application scenario for stablecoins, so issuing RMB stablecoins will help promote the internationalization of the RMB. Katz emphasized that the issuance of digital assets must meet two core requirements: first, to ensure network security and prevent hacker attacks; second, digital assets must be anchored to real, high-quality, and high-liquid assets one-to-one, and custodian by appropriate institutions. It is worth noting that he revealed that approximately 90% of the assets anchored by USDC is entrusted by BlackRock.