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A comment on USDC's Circle Moves $8.7B to Repo Agreements to Protect Reserves from US Default. Parent comment

Re:USDC's Circle Moves $8.7B to Repo Agreements to Protect R... by kragen on Thursday May 18, 2023 @11:29AM (#35989382)
still seems more noteworthy that blackrock thinks a usa sovereign default is a significant risk than that, like, perry metzger and eric hughes do
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Re:USDC's Circle Moves $8.7B to Repo Agreements to Protect R... by JumpCrisscross on Thursday May 18, 2023 @11:44AM (#35989620)
> blackrock thinks a usa sovereign default is a significant risk

It's a manageable risk, so it's managed. That's risk management. (Repos also yield more than Treasuries. Again, this probably has nothing to do with the debt limit.)

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