Circle: Genesis is a counterparty to Circle in Circle Yield, total Circle Yield customer loans outstanding are $2.6 million

2022/11/17 05:10

Circle, the stablecoin USDC issuer, tweeted that Circle Yield is an overcollateralized fixed-term yield product. Genesis is a counterparty to Circle in this product. Total Circle Yield customer loans outstanding are $2.6 million as of 11/16/22 and are protected by robust collateral agreements. Outstanding loan balances remain overcollateralized, and Circle will ensure loans remain protected from potential losses.

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