Independent accounting firm Grant Thronton LLP has issued the latest attestation report on US dollar reserves backing USDC. These reports are released on a monthly basis, so be sure to check in with us every month to see the amount of issued and outstanding USDC. The report states that as of March 31, 2020 at 11:59 PM Pacific Time (“PT”):
- USD Coin issued and outstanding = 692,955,272 USDC
- US Dollars in custody accounts = $693,685,964
- At the time the report's release, issued and outstanding USDC tokens do not exceed the balance of the US Dollars held in custody accounts
Read the full report here for more information. To see the growth of USDC from inception until now, take a look at our past USDC attestation reports. Be sure to come back next month for April 2020's report.
