Circle’s exposure to US banks could top $9B

by Aurelia Butler 10 March 2023, 22:00 169 Views

According to the report, the amount held in cash by U.S. regulated financial institutions was $8.6 billion as of Jan. 31, representing roughly 20% of its reserves. Another $33.6 billion of its reserves are held in U.S Treasurys managed by BlackRock (NYSE:BLK) through the Circle Reserve Fund, registered as a government money market fund and with funds held by BNY Mellon.

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Circle’s exposure to US banks could top $9B

Betting on WWE matches? ‘NFW!’ say gaming operators and regulators

Inflation data on deck for markets hit by worries about Fed, banks

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