USDC Reserve Attestation Report from Grant Thornton LLP — December 2018

Circle Team
Jan 16, 2019 · 1 min read

Today, Circle released the third attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of December 31, 2018 at 11:59 PM UTC:

  • USD Coin (“USDC”) tokens issued and outstanding = 251,211,148 USDC
  • US Dollars held in custody accounts = $251,211,209
  • 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
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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 blog.circle.com on January 16, 2019.

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Circle Team

Written by

Dedicated to bringing you the latest and greatest from Circle.

Circle blog

We’re a global financial technology firm enabling businesses of all sizes to harness stablecoins and public blockchains, powering payments & commerce worldwide.

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