Circle has published a new attestation report on US dollar reserves backing USDC. These reports are released monthly and are issued by independent accounting firm Grant Thornton LLP. June 2020's report states that as of June 30, 2020 at 11:59 PM Pacific Time (“PT”):
As the date and time of the report's publication, the issued and outstanding USDC tokens do not exceed the balance of the US Dollars held in custody accounts
To read the full report, click here. Grant Thornton LLP publishes these USDC attestation reports on a monthly basis. To access past reports, you can find them here. Be sure to return to our blog next month to see July 2020's attestation report when it is published.