USDC Reserve Attestation Report from Grant Thornton LLP — September 2020

Circle Internet Financial has released an attestation report verified by Grant Thornton LLP, confirming that as of September 30, 2020, the amount of USD Coin (USDC) in circulation is fully backed by US dollars held in reserve, with 2,513,941,166 USDC issued against $2,515,032,711 held in custody accounts. These monthly reports aim to provide transparency and assurance about the backing of USDC and are part of Circle's broader mission to enhance accessibility, inclusivity, and efficiency in financial transactions, thereby promoting global economic opportunity. Circle encourages stakeholders to regularly review these reports to stay informed about the status of USDC reserves.

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