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Oct 01, 2024

February 25, 2020

USDC Reserve Attestation Report from Grant Thornton LLP — January 2020

what you’ll learn

Our attestation report on US dollars backing USDC as of January 2020 is out now. Download today and learn more!

USDC Reserve Attestation Report from Grant Thornton LLP — January 2020

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 January 31, 2020 at 11:59 PM Pacific Time (“PT”):

  • USD Coin (“USDC”) tokens issued and outstanding = 440,715,490 USDC
  • US Dollars held in custody accounts = $440,780,676
  • 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.

Originally published at https://blog.circle.com on February 24, 2020.

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USDC Reserve Attestation Report from Grant Thornton LLP — January 2020
usdc-reserve-attestation-report-from-grant-thornton-llp-january-2020
February 25, 2020
Our attestation report on US dollars backing USDC as of January 2020 is out now. Download today and learn more!
USDC
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