USDC Reserve Attestation Report from Grant Thornton LLP — July 2020

Circle Internet Financial has released its July 2020 attestation report on USD Coin (USDC), conducted by Grant Thornton LLP, which confirms that as of July 31, 2020, the issued and outstanding USDC amounted to 1,082,327,899 USDC, while the US Dollars held in custody accounts totaled $1,085,282,837. The report assures that the number of USDC tokens does not exceed the USD balance in the custody accounts, reflecting the company's commitment to transparency and security in its financial practices. Circle aims to revolutionize the movement of money worldwide by enhancing accessibility, efficiency, and inclusivity, thereby fostering economic growth and opportunity. Monthly attestation reports are part of Circle's efforts to maintain accountability and public trust in their financial operations.

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