What reserves back VaultLeap's supported stablecoins?
in Understanding Stablecoins•Help Article
USDC (USD Coin)
USDC is 100% backed by highly liquid cash and cash-equivalent assets stored in transparently managed reserves with independent attestations conducted by a Big Four accounting firm. The reserve is designed to provide holders with ready liquidity, even under extremely stressed conditions. With reserves managed by BlackRock and custodied at The Bank of New York Mellon, Circle ensures full regulatory compliance.