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USDC stable coin to use 100% USD and UST reserves

Summary:
They get to keep any interest they earn unlike the Fed….A group including Coinbase Global says all reserves of stablecoin USDC will shift into cash and short-term U.S. Treasuries, forgoing riskier investments https://t.co/lL587L7t60— Bloomberg Markets (@markets) August 23, 2021

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They get to keep any interest they earn unlike the Fed….




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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