According to information released on Thursday by Circle Internet Financial, the business has started transferring the USDC stablecoin’s holdings into a special fund established by BlackRock and listed with the US Securities and Exchange Commission. Circle Reserve Fund to be Registered by BlackRock Advisors Since May, BlackRock Advisors has been attempting to register the Circle Reserve Fund. The stablecoin producer has already started transferring its reserves to Circle, the sole investor who will be qualified to participate and anticipates being completely transitioned by the end of March. Jeremy Fox-Geen, the chief financial officer of Circle, claimed in an interview that this The post Circle Starts Contributing Reserves to New BlackRock Fund appeared first on Cryptoknowmics-Crypto News and Media Platform.
