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![0xAbhiP Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1517008053614555137.png) Abhi [@0xAbhiP](/creator/twitter/0xAbhiP) on x 54.2K followers
Created: 2025-07-18 13:31:48 UTC

Is USDC backed by the U.S. government?

No.

But it might as well be.

→ 90%+ of reserves are in a BlackRock-managed government money market fund
→ Held in Treasuries
→ Audited monthly by Deloitte
→ Custodied by BNY Mellon

It’s as close to institutional trust as crypto has ever come.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946201236929163520/c:line.svg)

**Related Topics**
[money](/topic/money)
[usdc](/topic/usdc)
[coins made in usa](/topic/coins-made-in-usa)
[coins bsc](/topic/coins-bsc)
[coins stablecoin](/topic/coins-stablecoin)
[coins solana ecosystem](/topic/coins-solana-ecosystem)
[coins inj](/topic/coins-inj)
[coins base ecosystem](/topic/coins-base-ecosystem)

[Post Link](https://x.com/0xAbhiP/status/1946201236929163520)

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

0xAbhiP Avatar Abhi @0xAbhiP on x 54.2K followers Created: 2025-07-18 13:31:48 UTC

Is USDC backed by the U.S. government?

No.

But it might as well be.

→ 90%+ of reserves are in a BlackRock-managed government money market fund → Held in Treasuries → Audited monthly by Deloitte → Custodied by BNY Mellon

It’s as close to institutional trust as crypto has ever come.

XXX engagements

Engagements Line Chart

Related Topics money usdc coins made in usa coins bsc coins stablecoin coins solana ecosystem coins inj coins base ecosystem

Post Link

post/tweet::1946201236929163520
/post/tweet::1946201236929163520