Will's Blog: Circle's S-1 shows that it is basically a fintech and that, as of December 31, 2024, ~85% of USDC reserves were held in a BlackRock-managed money market fund (Matt Levine/Bloomberg)

3 April 2025

Circle's S-1 shows that it is basically a fintech and that, as of December 31, 2024, ~85% of USDC reserves were held in a BlackRock-managed money market fund (Matt Levine/Bloomberg)

Matt Levine / Bloomberg:
Circle's S-1 shows that it is basically a fintech and that, as of December 31, 2024, ~85% of USDC reserves were held in a BlackRock-managed money market fund — Circle, slangy wealth management chatbots, private credit runs, SEC climate rules and OCC desk space.

Posted from: this blog via Microsoft Power Automate.