The issuer of USD Coin has reportedly switched to short-term U.S. Treasuries as fears over U.S. debt defaults grow.
) by switching to short-dated U.S. Treasuries to avoid getting caught up in a potential US debt default.
“We don’t want to carry exposure through a potential breach of the ability of the U.S. government to pay its debts.”Circle Reserve Fund Holdings. Source:Earlier this week, Treasury Secretary Janet Yellen said the government will be forced into making “decisions” if Congress doesn’t raise the federal debt limit.
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