USDC Reserve Attestation Report from Grant Thornton LLP — Feb 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 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.