@fewseethis Which report? The monthly attestation has no mention. Plus the average maturity of all securities in the reserve are less than 33 days. Its a non issue.
@CryptoWendyO Put this phone down. Nothing is at risk if you don’t provide an update or get an update on the markets. Turn it off, go to the mountains, camp out for a few days. Go visit family. And coke back in a 2 weeks. Take time for yourself.
@coinbase@brian_armstrong Does the reserve managed by BlackRock at BNY not earn interest? The reserve is 1:1 for every USDC minted, which is from the collective effort of others. This is how you are able to offer interest on USDC deposits. Essentially Circle is acting as an investment manager.