Company
Date Published
Author
Team Circle
Word count
222
Language
English
Hacker News points
None

Summary

Circle Internet Financial released an attestation report from Grant Thornton LLP verifying the US dollar reserves backing the USD Coin (USDC) as of May 31, 2019, with USDC tokens issued and outstanding totaling 333,854,877 and corresponding US dollars held in custody accounts amounting to $333,887,466, confirming that the tokens do not exceed the reserves. Grant Thornton LLP will continue to provide monthly attestation reports on Circle's USDC reserves. Circle aims to transform money movement for increased global economic opportunity and prosperity, with related developments including the introduction of Native USDC and CCTP V2 on platforms like Plume and XDC Network, as well as the Stableit SDK for cross-chain USDC transfers.