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
Originally published at https://blog.circle.com on January 22, 2020.