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USDC Reserve Attestation Report from Grant Thornton LLP — June 2020

Team Circle Team Circle July 21, 2020

grant-thornton_circle_usdc_reserves_20200715

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 June 30, 2020 at 11:59 PM Pacific Time (“PT”):

  • USD Coin (“USDC”) tokens issued and outstanding =985,448,435 USDC
  • US Dollars held in custody accounts =$990,897,799
  • 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.