Interested to know the US dollar reserves backing USDC? Check out our latest attestation report issued by Grant Thornton LLP, an independent accounting and consulting firm. The newest report states that as of December 31, 2020 at 11:59 PM PT:
- Issued and outstanding USD coin tokens = 4,008,397,398 USDC
- US Dollars held in custody accounts = $4,011,270,692
- Outstanding and issued USD coin tokens do not exceed the balance of the US Dollars held in custody accounts
For more info, download the full report. You can find it here. And be sure to check in with Circle next month for the latest USDC attestation report. Grant Thornton LLP provides these attestation reports on Circle’s USDC reserves on a monthly basis.