Circle Internet Financial's commitment to transparency and trust in its stablecoin, USDC, is highlighted through its monthly reserve reports and attestations provided by Grant Thornton, a global accounting firm. These reports, which have been ongoing since USDC's launch in 2018, offer independent validation of the cash and U.S. Treasury assets backing USDC, ensuring that reserves meet or exceed the circulating supply. Starting in July 2022, the attestations will include additional details such as CUSIPs, maturity dates, and market values of T-bills, as well as information about U.S. financial institutions holding the cash reserves. The process involves reconciling settlement timing differences between blockchain transactions and traditional financial institutions to ensure accurate reserve reporting. Circle also submits annual audited financial statements to the SEC, reinforcing its dedication to minimizing risk and maintaining liquidity. As regulations and reporting standards evolve, Circle plans to further enhance transparency to instill confidence among USDC holders and the broader crypto community.