Repo

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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.
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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.
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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)

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Broadridge Adds UBS to Its Distributed Ledger Repo Product
The Swiss financial giant is the first bank on the platform that Broadridge has publicly announced.
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Goldman Sachs Taps JPMorgan's Private Blockchain for Repo Trade: Report
“We firmly think this will change the nature of the intraday marketplace,” said Mathew McDermott, head of digital assets for Goldman.
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Broadridge Blockchain Repo Platform Is Averaging $31B a Day
Most transactions originate from banks in the U.S. and Europe.
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