About Merit Circle

The Merit Circle price is $0.20, a change of 5.20% over the past 24 hours as of 9:17 a.m. The recent price action in Merit Circle left the tokens market capitalization at $87,068,512.88. So far this year, Merit Circle has a change of -26.52%. Merit Circle is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).

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Latest About Merit Circle

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)
Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund

Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)
Jeremy Allaire, CEO of Circle (Danny Nelson/CoinDesk)
USDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown

The stablecoin issuer now only holds cash and repurchase agreements to back its USDC stablecoin’s value.

Jeremy Allaire, CEO of Circle (Danny Nelson/CoinDesk)
Circle CEO Jeremy Allaire (CoinDesk)
USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default

Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said.

Circle CEO Jeremy Allaire (CoinDesk)
(Sandali Handagama/CoinDesk)
Circle USDC Rebounds From Depegging, but Stablecoin Observers See an Uncertain Future

Nearly 4 billion USDC has been removed from the circulating supply since Friday with more USDC being burned than minted, data shows.

(Sandali Handagama/CoinDesk)

Merit Circle Market Stats

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Crypto Sectors

Merit Circle (MC)
is not in the CoinDesk DACS 500.
Of the undefined assets in sector,
Merit Circle
represents undefined% of the Marketcap.
Top assets in Sector
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Source: Coindesk DACS monthly update.

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