what you’ll learn
We are excited to release another USDC attestation report. Read today to see how much US dollars are backing USD coin in November 2019.
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 November 30, 2019 at 11:59 PM UTC:
- USD Coin (“USDC”) tokens issued and outstanding = 457,103,362 USDC
- US Dollars held in custody accounts = $458,157,517
- 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.
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