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![0xAbhiP Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1517008053614555137.png) Abhi [@0xAbhiP](/creator/twitter/0xAbhiP) on x 55K 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)