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I want to have a treasury of usdc for my program. Can a program have its own associated token account, and if so, how does it transfer usdc in and out of the treasury (in Rust)?

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  • why dont you want PDA as an associated token account. You can easily do whatever u specified by making the PDA as a token account and making the program as the authority.
    – Dhruv D Jain
    Commented Jul 16, 2022 at 4:28

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No. Programs have no way to sign for instructions that require authority, which includes many SPL Token operations. This use case is precisely why PDAs exist.

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Programs cannot have an ATA. For this use case, a pool token account can be initialized whose authority is set to a PDA signer. This way, the signer account can sign spl-token transfers out of the pool treasury.

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