United StatesSelf-reportedUSD Coin
Circle Internet Group· New York, United States
- Circulating supply
- $66.02B
- 16D change
- -1.8%
- Yield
- None
- NAV
- 1.0000
- Expense ratio
- 0.00%
- Minimum
- $0
- Redemption
- Intraday
- Launched
- 26 Sept 2018
What this product is
The settlement asset most of this category actually moves value in. Reserves sit largely in a dedicated government money market fund, which makes the issuer one of the largest indirect buyers of short-dated Treasuries in tokenized finance — the reserve yield accrues to the issuer, not the holder, which is the economic fact that defines the whole payment-stablecoin structure.
- Underlying asset
- Short-dated US Treasuries, overnight repurchase agreements and bank deposits
- Asset class
- Stablecoin
- Product structure
- Payment Stablecoin
- Legal structure
- US State Trust Charter
- Issuer jurisdiction
- United States
- Fund domicile
- United States (New York trust) / France (EMI)
- Base currency
- USD
- Launched
- 26 Sept 2018
Comparable products
Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.
| USDCthis product | 0.00% | 0.00% | $0 | $66.02B |
| PYUSD | 0.00% | 0.00% | $0 | $2.74B |
| USDG | 0.00% | 0.00% | $0 | $985.8M |
Who runs it
Issuer of the largest regulated dollar and euro payment stablecoins, licensed on both sides of the Atlantic. Its reserves sit largely in a dedicated government money market fund, which makes it one of the biggest indirect buyers of short-dated Treasuries in the category.
Composition
- US Treasury bills held via the Circle Reserve Fund62.4%
- Overnight reverse repurchase agreements24.8%
- Cash at regulated banks12.8%