USD reserves backing USD coin are growing. Today, Grant Thornton LLP, an independent accounting firm, released the latest attestation report on US dollar reserves backing USDC. The report states that as of April 30, 2021 at 11:59 PM Pacific Time:
USD Coin (“USDC”) tokens issued and outstanding = 14,697,267,257 USDC
US Dollars in custody accounts are at least equal or greater than the USDC tokens outstanding at the report date and time.
You can read the full report here. Also, be sure to check in again with us in a month. Grant Thornton LLP provide attestation reports on Circle’s USDC reserves on a monthly basis, so it's the best way to keep up with how much USDC is issued and outstanding.