Company
Date Published
Author
Team Circle
Word count
228
Language
English
Hacker News points
None

Summary

Circle Internet Financial released an attestation report from Grant Thornton LLP, confirming the USD reserves backing their USD Coin (USDC) as of March 31, 2019. The report indicates that 246,586,876 USDC tokens were issued and outstanding, with $246,590,714 held in custody accounts, ensuring that the tokens do not exceed the USD reserves. Circle aims to revolutionize financial transactions by enhancing accessibility, inclusivity, and efficiency, thus fostering global economic opportunity. Grant Thornton LLP will continue to provide monthly attestation reports on Circle's USDC reserves.