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Circle releases first monthly USDC stablecoin collateral report Circle releases first monthly USDC stablecoin collateral report

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Circle releases first monthly USDC stablecoin collateral report

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Circle has published a detailed report on the reserves backing the USDC stablecoin.

Circle releases first monthly USDC stablecoin collateral report

As of June 30, 2022, the stablecoin capitalization was $55.57 billion, and the collateral was $55.7 billion. Of this amount, 13.58 billion in fiat currencies are placed with regulated banks: Bank of New York Mellon, Citizens Trust Bank , Customers Bank, New York Community Bank, Signature Bank, Silicon Valley Bank, Silvergate Bank and US Bancorp. Another 42.12 billion is placed in short-term US Treasury bonds, the average maturity of which is 44 days.

In a blog post, the company emphasized that the collateral is held in segregated accounts and is completely separate from Circle’s operations. It is subject to all protections in accordance with the law.

The Collateral Report continues a series of publications launched by CEO Jeremy Allaire aimed at building confidence amid the difficulties in the industry after the collapse of the Terra system and the UST stablecoin.

“We have unveiled the first USDC reserve asset structure across all treasury bills and a list of cash reserve holders”– explained the top manager.

This is the company’s first report with a detailed breakdown of the asset classes that make up the backing of a stablecoin.

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Phones

Buyers of Nothing Phone (1) were deceived. Nothing urgently changed the characteristics of the smartphone on the official website

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Buyers of Nothing Phone 1 were deceived Nothing urgently changed

Introduced in July this year, the Nothing Phone (1) smartphone was quite actively discussed on the Web because of its original design and backlight. However, early adopters immediately began reporting screen problems and lagging LED strips.

Buyers of Nothing Phone (1) were deceived.  Nothing urgently changed the characteristics of the smartphone on the official website

Now it turned out that buyers of Nothing Phone (1) were deceived by information about the maximum brightness of the screen. According to official data, the maximum brightness of the Nothing Phone (1) screen is 1200 cd/m2but in almost all tests, the maximum screen brightness is less than 700 cd / m2. In some tests, it does not even rise to 650 cd / m2.

Buyers of Nothing Phone (1) were deceived.  Nothing urgently changed the characteristics of the smartphone on the official website

In response, Nothing Phone (1) stated that it would conduct an internal investigation. In addition, the company has changed the peak brightness on the official website settings page from 1200 nits to 700 cd/m.2.

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Really the fastest: Redmi K50 Extreme Edition showed its capabilities in the benchmark

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Really the fastest Redmi K50 Extreme Edition showed its capabilities

Last week, Xiaomi officially announced the top flagship smartphone Redmi K50 Extreme Edition, which appeared on the Geekbench benchmarking site with model number 22081212C.

According to Geekbench, the Redmi K50 Extreme Edition is equipped with a Snapdragon 8 Plus Gen 1 SoC and 12GB of RAM. It scored 1339 points in single-core mode and 4389 points in multi-core mode. In comparison, the Geekbench score for the new Realme GT2 Master Explorer Edition smartphone also equipped with Snapdragon 8 Plus Gen 1 is 1296 and 4211 respectively. It previously scored 1,120,691 on the popular benchmark app AnTuTu, beating out Asus ROG Phone 6 and Xiaomi 12S Ultra.

Really the fastest: Redmi K50 Extreme Edition showed its capabilities in the benchmark

Redmi CEO Lu Weibing stressed that it will be the most powerful smartphone in the history of the brand, as well as “a perfect masterpiece that combines all the advanced technologies of Redmi.”

It is expected that the smartphone will receive a 1080p flat screen with support for 120 Hz – the same as the Redmi K50 Gaming Edition. Redmi K50 Ultra will come with 120W fast charging support.

The presentation of the smartphone is expected on August 11, along with the huge Xiaomi Mi Pad 5 Pro and the foldable Xiaomi Mix Fold 2.

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Tablets

Xiaomi Mi Pad 5 Pro announced with 12.4-inch screen and triple camera

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Xiaomi Mi Pad 5 Pro announced with 124 inch screen and

Xiaomi today unexpectedly announced a new product – the Xiaomi Mi Tablet 5 Pro tablet with a 12.4-inch screen. The head of Xiaomi showed the official image, which shows the device from both sides.

Xiaomi Mi Pad 5 Pro announced with 12.4-inch screen and triple camera

The Xiaomi Mi Pad 5 Pro tablet with a large screen will receive a frame of the same width, and the module on the rear panel looks the same as in the Xiaomi 12 series smartphones. The main 50-megapixel module is accompanied by two additional cameras.

It is worth noting that the market for tablets of this size has always been occupied by the iPad Pro, and now the large Xiaomi Mi Tablet 5 Pro will challenge this model.

Xiaomi Mi Pad 5 Pro announced with 12.4-inch screen and triple camera

The presentation of the device is expected on August 11.

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