USD Coin (usually called by its short name, USDC) is a stablecoin pegged to the US dollar in a ratio of 1 to 1. Each unit of this cryptocurrency in circulation is backed by 1 dollar, which is stored in reserve in the form of a mix of cash and short—term US Treasury bonds.

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Jeremy Allaire

Kate Rooney ☘️

TechCheck

RT @jerallaire: I will be talking with @Kr00ney on @CNBCTechCheck at 1145AM ET today to talk about today's news.  https://t.co/3dHFBWAcRQ

I will be talking with @Kr00ney on @CNBCTechCheck at 1145AM ET today to talk about today's news.  https://t.co/3dHFBWAcRQ

1/ Some big @circle news.  This morning, we announced the termination of our proposed deSPAC transaction.  While disappointing that we did not complete SEC qualification in time, we remain focused on building a long-term public company.  https://t.co/R0XYfCFD54

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RT @jerallaire: I will be talking with @Kr00ney on @CNBCTechCheck at 1145AM ET today to talk about today's news.

1/ Some big @circle news.  This morning, we announced the termination of our proposed deSPAC transaction.  While disappointing that we did not complete SEC qualification in time, we remain focused on building a long-term public company. https://circle.com/en/pressroom/circle-and-concord-acquisition-corp-mutually-agree-to-terminate-proposed-business-combination…

I will be talking with @Kr00ney on @CNBCTechCheck at 1145AM ET today to talk about today's news.

I will be talking with @Kr00ney on @CNBCTechCheck at 1145AM ET today to talk about today's news.

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