Circle Changes Reserve Strategy to Avoid US Debt Risk

Circle Modifies Reserve Approach to Reduce Risk of US Debt

Stablecoin issuer Circle has made changes to its reserves to avoid potential US debts. CEO Jeremy Allaire said the company has invested in short-term US Treasuries and has no Treasuries beyond June. This step aims to avoid the risk of debt. Circle's competitor Tether has also improved its reserves by investing in short-term Treasury bills. Stablecoin markets are facing regulatory challenges and market competition.