Dante Disparte (Circle) - Ethical Crypto Innovation
Entrepreneurial Thought Leaders (ETL)
00:00
Is Every USDC Backed by a Physical Dollar?
Ravi Agrawal: The risk management standards by which Circle runs its company would put the top 10 global systemic banks to shame. Every single USDC in circulation is 20% cash, 80% US treasury obligations of 90 days or less and care custody and control of the American regulated financial system. A dollar at a bank is 20% a dollar paid back to you, 80% rehypothenated in the form of leverage, lending, etc. And so it's money good on demand presented to Circle or presented to the open ecosystem that support USDC. It's a very, very different bank risk profile. We're not just making dollars digital. We're actually making dollars better
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