USDC Reserve Attestation Report from Grant Thornton LLP — March 2020

Circle Internet Financial announced that Grant Thornton LLP has completed its latest monthly attestation report on the US dollar reserves backing USDC, confirming that the amount of USDC issued and outstanding as of March 31, 2020, was 692,955,272, while US dollars held in custody accounts amounted to $693,685,964, ensuring that USDC tokens do not exceed the US dollar reserves. These regular reports are part of Circle's efforts to enhance transparency and demonstrate the stable backing of its digital currency, USDC, which is designed to improve the accessibility, inclusivity, and efficiency of global financial transactions. Circle encourages stakeholders to review past attestation reports to observe the growth of USDC and invites them to check back for future updates.