Circle executives: USDC anchors approximately 90% of its asset reserves are escrowed by BlackRock
Source: ForesightNews
Time: 2025-09-13 18:00:39
According to Caixin.com, at the Asia Vision Forum 2025 held in Singapore, David A. Katz, Vice President of Strategy and Public Policy, Circle Asia Pacific, said that cross-border business is an important application scenario for stablecoins, so issuing RMB stablecoins will help promote the internationalization of the RMB. 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. About 90% of the assets anchored by USDC are entrusted by BlackRock.