USDC Reserve Attestation Report from Grant Thornton LLP — Feb 2020
Blog post from Circle
Circle Internet Financial released the February 2020 USDC attestation report, verified by Grant Thornton LLP, confirming that the issued 444,800,620 USD Coin tokens are fully backed by $451,257,764 in USD reserves held in custody accounts. These monthly reports ensure transparency and provide assurance that the tokens do not exceed the USD reserves, thereby maintaining trust in the USDC's stability. The attestation reports are crucial for stakeholders to keep abreast of the latest data regarding issued and outstanding USDC. Circle, the company behind USDC, aims to enhance global economic opportunity by making financial transactions more accessible and efficient.
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