[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.]  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  **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.]
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
Related Topics money usdc coins made in usa coins bsc coins stablecoin coins solana ecosystem coins inj coins base ecosystem
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