Company
Date Published
Author
Team Circle
Word count
267
Language
English
Hacker News points
None

Summary

Circle Internet Financial has released the latest attestation report by Grant Thornton LLP confirming that the USD Coin (USDC) remains fully backed by US dollars held in reserve, with a circulation of 9,343,208,228 USDC as of February 28, 2021. The report asserts that the USDC tokens issued and outstanding do not exceed the balance of the US dollars held in custody accounts, ensuring transparency and trust in the stablecoin's backing. These monthly attestation reports are available through Circle's website and the Centre Consortium, demonstrating Circle's commitment to transforming financial accessibility and efficiency globally. The company's initiatives, such as the upcoming integration of USDC and CCTP V2 into various networks, further highlight its efforts to enhance economic opportunities worldwide.