Circle tells congress its coin is ‘100%’ backed by cash and short-term US debt as lawmakers scrutinize stablecoins

By cineramaDecember 8, 2021Ethereum

Circle CEO Jeremy Allaire testifies before the House Financial Services Committee on December 8, 2021. House Services Financial Committee Circle’s USDC stablecoin is "100%" backed by cash and US […]

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Circle tells congress its coin is ‘100%’ backed by cash and short-term US debt as lawmakers scrutinize stablecoins

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