As a matter of transparency, to reassure our community, we'd like to communicate regarding #SwissBorg’s fund exposure on $USDC. We currently do not possess direct exposure to #USDC 🧵:
1) We run on a weekly basis treasury management procedure every Friday. This week we have reduced our #USDC to a marginal exposure (below $250K).
2) The $USDC raised during fundraising is converted to CHF on a regular basis. As of today, all #USDCs have already been converted to CHF
3) The vast majority of our own assets are in EUR, CHF and ETH
4) With regards to indirect exposure, we are the custodian of our cryptos in cold wallets and our fiats stay with a counterparty that we believe has a marginal exposure to #USDC risk according to the information at our disposal
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