Company
Date Published
Author
Team Circle
Word count
223
Language
English
Hacker News points
None

Summary

Circle Internet Financial released an attestation report, prepared by Grant Thornton LLP, confirming that as of July 31, 2019, the US dollar reserves fully back the issued USDC tokens, with 435,017,581 USDC tokens issued and $436,244,741 held in custody accounts. This monthly attestation aims to assure stakeholders of the USDC's backing, reflecting Circle's commitment to transparency and trust in digital currency. The report highlights Circle's broader mission to enhance the movement of money, making it more accessible and efficient worldwide, thus driving global economic opportunity and prosperity.