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Oct 01, 2024

January 23, 2020

USDC Reserve Attestation Report from Grant Thornton LLP — December 2019

what you’ll learn

We released our 2019 attestation report on US dollar reserves backing USDC. Read on to see issued and outstanding USDC in circulation!

USDC Reserve Attestation Report from Grant Thornton LLP — December 2019

Today, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of December 31, 2019 at 11:59 PM Pacific Time (“PT”):

  • USD Coin (“USDC”) tokens issued and outstanding = 519,628,995 USDC
  • US Dollars held in custody accounts = $520,537,729
  • As of the Report Date and Time, the issued and outstanding USDC tokens do not exceed the balance of the US Dollars held in custody accounts

You can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle’s USDC reserves on a monthly basis.

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USDC Reserve Attestation Report from Grant Thornton LLP — December 2019
usdc-reserve-attestation-report-from-grant-thornton-llp-december-2019
January 23, 2020
We released our 2019 attestation report on US dollar reserves backing USDC. Read on to see issued and outstanding USDC in circulation!
USDC
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