USDC Reserve Attestation Report from Grant Thornton LLP — January 2020
Blog post from Circle
Circle Internet Financial released an attestation report by Grant Thornton LLP, confirming that as of January 31, 2020, the USD Coin (USDC) tokens in circulation, totaling 440,715,490, are fully backed by $440,780,676 in US dollar reserves held in custody accounts. This monthly attestation ensures transparency and trust in the USDC's backing, aligning with Circle's mission to enhance global economic opportunities by making financial transactions more accessible and efficient. The report, originally published on Circle's blog in February 2020, is part of Circle's ongoing efforts to provide reliable and verified information about its cryptocurrency reserves.
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