3 ms·
> The good news is that USDC has 74% of their assets in short dated US treasuries (weighted average duration is 36 days). Do you have any idea what kind of yie
by TacticalCoder 4y ago
> The good news is that USDC has 74% of their assets in short dated US treasuries (weighted average duration is 36 days).
Do you have any idea what kind of yield they get on these and what happens to that money? I've never been able to find any info about that.
- xur17 4y agoThis link [0] is useful for getting context on what backs USDC, and this link [1] shows what backs the 74%. Looks like an average yield of ~4.4%? [0] https://www.circle.com/en/transparency https://www.circle.com/en/transparency [1] https://www.blackrock.com/cash/en-us/products/329365/ https://www.blackrock.com/cash/en-us/products/329365/
- shawabawa3 4y agoThey get 4.4% yield and that goes back to shareholders as equity in the company