Circle executives: About 90% of the USDC anchor asset reserve is in custody of BlackRock, and one-third of the company is lawyers and compliance personnel
2025-09-13 02:37:46
David A. Katz, vice president of strategy and public policy for Asia Pacific at Circle, pointed out at the Singapore forum event that digital assets need to ensure cyber security first, and trading systems will not be attacked by hackers; secondly, digital assets need to be anchored one-to-one with real, high-quality and highly liquid assets, and hosted by suitable institutions. For example, about 90% of the asset reserves anchored by USDC are hosted by BlackRock. Circle currently has more than 900 employees, of which about 300 are lawyers and compliance personnel. At the same time, digital assets such as stablecoins also need government regulation in order to become part of the international financial system.
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