The Circle Reserve Fund grew from over $22 billion in 2023 to over $37 billion in 2024, and the average yield rose from 4.89% to 5.09%. The rest of the reserves are in banks, which also earns a yield.

Circle's stock has dropped 15% on Tuesday and is trading 25% below its Monday record high. A fresh report by the Bank for International Settlements (BIS) criticized stablecoins, citing risks to ...

Circle’s $60 billion USDC, backed by cash reserves, targets new uses, says CEO Jeremy Allaire. NYSE’s Lynn Martin sees growing trust in stablecoins enhancing capital market roles for ICE.

Circle’s Relationship With Interest Rates Isn’t a Straight Line Wider stablecoin adoption, plus smaller partner payments, could offset pressure from lower returns on cash By Telis Demos Share ...