Today, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of February 29, 2020 at 11:59 PM Pacific Time (“PT”):

  • USD Coin (“USDC”) tokens issued and outstanding = 444,800,620 USDC
  • US Dollars held in custody accounts = $451,257,764
  • As of the Report Date and Time, the issued and outstanding USDC tokens do not exceed the balance of the US Dollars held in custody accounts.

You can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle’s USDC reserves on a monthly basis.

Originally published at https://blog.circle.com on March 18, 2020.


Today, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of January 31, 2020 at 11:59 PM Pacific Time (“PT”):

  • USD Coin (“USDC”) tokens issued and outstanding = 440,715,490 USDC
  • US Dollars held in custody accounts = $440,780,676
  • As of the Report Date and Time, the issued and outstanding USDC tokens do not exceed the balance of the US Dollars held in custody accounts

You can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle’s USDC reserves on a monthly basis.

Originally published at https://blog.circle.com on February 24, 2020.


The recent convening of the 50th Annual World Economic Forum in Davos, Switzerland brought significantly more attention to digital currency, marking a dramatic shift in my view in how seriously the world’s economic leaders are taking crypto currency and blockchains. Having watched industry and policy leaders react and engage with crypto over the past 7 years, I can say without a doubt that we are moving into the `acceptance’ phase. Things are about to get really interesting.

Engagement on Stablecoins and CBDC

Throughout a range of public and private sessions convened inside the Forum, the discussion centered on global stablecoins…


Today, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of December 31, 2019 at 11:59 PM Pacific Time (“PT”):

  • USD Coin (“USDC”) tokens issued and outstanding = 519,628,995 USDC
  • US Dollars held in custody accounts = $520,537,729
  • As of the Report Date and Time, the issued and outstanding USDC tokens do not exceed the balance of the US Dollars held in custody accounts

You can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle’s USDC reserves on a monthly basis.

Originally published at https://blog.circle.com on January 22, 2020.


When I travel to Davos next week, I’ll be advocating for the public and private sector to come together to support the development of global stablecoins backed by central bank money and regulated through new forms of public and private partnership.

Such an approach allows the private sector, including the broader open technical development community, to drive forward with technology and business model innovation, while also ensuring a reasonable standard for compliance and safety and soundness.

In short, it offers the best way to tackle a central question that world leaders must answer: How to reshape the global economic order…


When I travel to Davos next week, I’ll be advocating for the public and private sector to come together to support the development of global stablecoins backed by central bank money and regulated through new forms of public and private partnership.

Such an approach allows the private sector, including the broader open technical development community, to drive forward with technology and business model innovation, while also ensuring a reasonable standard for compliance and safety and soundness.

In short, it offers the best way to tackle a central question that world leaders must answer: How to reshape the global economic order…


When I travel to Davos next week, I’ll be advocating for the public and private sector to come together to support the development of global stablecoins backed by central bank money and regulated through new forms of public and private partnership.

Such an approach allows the private sector, including the broader open technical development community, to drive forward with technology and business model innovation, while also ensuring a reasonable standard for compliance and safety and soundness.

In short, it offers the best way to tackle a central question that world leaders must answer: How to reshape the global economic order…


Circle is approaching 2020 with a deep focus on stablecoins globally, dollars on public blockchains (USDC) specifically, and the powerful possibilities they unlock for people, businesses, and governments all around the world.

More than six years ago, we envisioned a world in which value can move freely and instantly over the internet — lowering the cost of commerce, connecting and including more people in the financial system, and sparking financial innovation as money itself becomes programmable. Global stablecoins and USDC, which we created and delivered through the CENTRE industry consortium, propel that mission forward in Circle’s next phase.

Our 2020…


This is part of a series of blogs to help people understand the various ways USD Coin (USDC) powers the crypto ecosystem. The other blogs in this series are available here

In a little over a year since the launch of USD Coin (USDC), it has become one of the most popular quote currencies on digital asset exchanges across the globe. Currently, 60+ exchanges-including Binance, Coinbase Pro, and Poloniex-support the dollar-backed stablecoin. And that number is on the rise.

Why do so many exchanges choose to list USDC when, unlike bitcoin (BTC) and other cryptoassets, it doesn’t grow in value? We answer that question and more in the report below.


This is part of a series of blogs to help people understand the various ways USD Coin (USDC) powers the crypto ecosystem. The other blogs in this series are available here.

USD Coin (USDC) provides crypto traders with an unprecedented level of trust, speed, and ease to move in and out of risk-on trades in the digital asset markets. That’s why more than $1 billion of USDC was issued in its first year alone-making it the fastest-growing stablecoin in the world.

So what are some reasons why traders love USDC?

  • It acts as a stable currency
  • It allows them to…

Circle Team

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