USDC Reserve Attestation Report from Grant Thornton LLP — June 2020
Blog post from Circle
Circle Internet Financial has released an attestation report for June 2020, confirming that the issued and outstanding USD Coin (USDC) tokens are fully backed by US dollars held in custody accounts, amounting to $990,897,799. The report, conducted by independent accounting firm Grant Thornton LLP, ensures that the 985,448,435 USDC tokens do not exceed the available USD reserves, thus maintaining transparency and trust in the cryptocurrency's backing. Circle publishes these reports monthly to provide ongoing assurance of USDC's backing, reflecting their commitment to transforming financial transactions by enhancing accessibility, inclusivity, and efficiency globally. Interested readers are encouraged to read the full report and stay updated with future publications on Circle's blog.
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