According to Caixin, David A. Katz, Vice President of Asia Pacific Strategy and Public Policy of Circle, pointed out at the Singapore Forum event that digital assets must first ensure cyber security, and trading systems will not be attacked by hackers; secondly, digital assets must 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, about 300 of whom are lawyers and compliance officers. At the same time, digital assets such as stablecoins also need government regulation to become part of the international financial system.
Circle executive: About 90% of USDC's anchor asset reserves are in custody of BlackRock
2025-09-13 09:58:38
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