News
Intersect reports 26.1 million USDCx administered for Cardano treasury projects
Intersect’s October 9 update states that its 2026 Treasury Reserve Smart Contract has administered 201.67 million ADA, 26.1 million USDCx and 4.8 million USDM to date. The 26.1 million USDCx figure represents cumulative activity, not a current balance. Recipients of the USDCx allocations must still meet contract‑release and redemption conditions. The update clarifies that current reserve holdings, vendor contracts and completed expenditures are measured separately from the administered totals.