Circle Internet Financial is enhancing its transparency by providing a detailed overview of the assets backing the USDC reserve, as part of its ongoing Circle Trust & Transparency series. This initiative includes the first monthly comprehensive disclosure of USDC reserve assets as of June 30, 2022, along with a list of custodians holding these reserves, which consist solely of cash and 3-month U.S. Treasuries kept in segregated accounts. Circle aims to offer daily disclosures and obtain custodian permissions to reveal the specific amounts they hold. Since USDC's launch in 2018, Circle has secured third-party attestations of the reserve's sufficiency and ensured full audits as part of its annual financial statement audit, which is publicly accessible through SEC filings. This transparency effort aligns with Circle's commitment to building trust and comes as U.S. policymakers work on federal regulations for stablecoins.