The latest report on US dollar reserves backing USDC has been released by Grant Thornton LLP, and independent accounting firm. As of August 31, 2020 at 11:59 PM Pacific Time (“PT”), the report states that:
- Issued and outstanding USDC tokens = 1,467,498,769 USDC
- US Dollars held in custody accounts = $1,477,969,595
- Issued and outstanding USDC tokens do not exceed the balance of the USD held in custody accounts
For a deeper dive into the data, read the full report here. Each month, Grant Thornton LLP will provide USDC attestation reports on Circle’s USDC reserves. To stay on top of USDC issued and outstanding, come back every month to download the latest version of the USDC attestation report.
