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USDC Reserve Attestation Report from Grant Thornton LLP — August 2019

Blog post from Circle

Post Details
Company
Date Published
Author
Team Circle
Word Count
224
Company Posts That Month
2
Language
English
Hacker News Points
-
Post removed?
No
Summary

Circle Internet Financial has released an attestation report verified by Grant Thornton LLP, documenting the US dollar reserves backing their USD Coin (USDC) as of August 31, 2019. The report confirms that there were 453,785,690 USDC tokens issued and outstanding, with $453,848,516 held in custody accounts, ensuring that the amount of USDC does not exceed the US dollar reserves. Grant Thornton LLP will continue to provide monthly attestation reports on Circle's USDC reserves. Circle aims to revolutionize financial transactions by enhancing accessibility, inclusivity, and efficiency, thereby fostering global economic opportunity and prosperity.

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