Circle: Genesis is the counterparty for financial products, with outstanding loans to clients amounting to $2.6 million

ChainCatcher message, Circle posted on Twitter that Circle Yield is an over-collateralized fixed income product, with Genesis as Circle's counterparty in this product.

As of November 16, 2022, the total outstanding loans for Circle Yield customers amounted to $2.6 million and are protected by robust collateral agreements. The outstanding loan balance remains over-collateralized, and Circle will ensure that the loans are shielded from potential losses. (source link)