Circle: Genesis is a counterparty to its wealth management products, and clients have $2.6 million in loans outstanding

According to BlockBeats, on November 17, USDC publisher Circle posted on social media: "Circle Yield is an over-collateralized term yield product in which Genesis is a counterparty to Circle. As of November 16, 2022, Circle Yield customers have a total outstanding loan of $2.6 million and are protected by robust mortgage agreements. The outstanding loan balance remains over-collateralized at this time and Circle will insure the loan against potential losses."