[USDC]
USD Coin
Stability
0.83
Stable
Reserves
0.83 / 1
Market Feedback
0.55 / 1
Mechanism
1 / 1
1.1Reserves
0.83
1.1.1Collateralization % & Type of Collateral
0.99As of May 31, 2023, USDC is fully backed by US Treasury Bills (79%), and cash deposits (18%) in fully segregated accounts.
1.1.2Storage of Assets
1.00For off-chain collateral, we rank storage methods as follows (highest to lowest)
With regulated custodians not in off-shore jurisdictions
With regulated custodians in off-shore jurisdictions (e.g, BVI, Bahamas)
Others / Undisclosed
USDC's reserves are held by BNY Mellon in the USA.
1.1.3Asset Segregation
0.50All customer assets in USDC’s reserves are fully segregated from Circle’s corporate treasury. However, Circle's claim of USDC being bankruptcy-remote is yet to be proven.