USDC Reserve Attestation Report from Grant Thornton LLP — February 2019

Circle Internet Financial has released its latest attestation report on the US dollar reserves backing its stablecoin, USD Coin (USDC), with the report prepared by the independent accounting firm Grant Thornton LLP. The report, dated February 28, 2019, confirms that the amount of issued and outstanding USDC tokens, totaling 236,917,932, is fully backed by US dollars held in custody accounts, amounting to $236,939,216. This attestation confirms that the tokens in circulation do not exceed the reserves, ensuring trust in the stablecoin's value. Grant Thornton LLP will continue to provide monthly attestation reports on the USDC reserves. Circle aims to revolutionize financial transactions by enhancing accessibility and efficiency, contributing to global economic opportunity and prosperity.

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