Company
Date Published
Author
Team Circle
Word count
240
Language
English
Hacker News points
None

Summary

Circle Internet Financial has released the latest USDC attestation report, verified by the independent accounting firm Grant Thornton LLP, as of August 31, 2020. The report confirms that the circulating supply of USDC tokens, totaling 1,467,498,769, is fully backed by USD reserves amounting to $1,477,969,595 held in custody accounts, ensuring that the issued and outstanding tokens do not exceed the USD balance. Circle emphasizes its commitment to transparency by providing monthly attestation reports to keep stakeholders informed about the USDC reserves. The company aims to revolutionize financial transactions by making them more accessible and efficient, thereby enhancing global economic opportunities. Circle also announces upcoming developments such as the integration of Native USDC and CCTP V2 into various networks, highlighting their continuous innovation in digital finance.