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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.

Apr 3, 2025 - 10:51
 0
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.

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