USDC Reserve Attestation Report from Grant Thornton LLP — October 2020

Circle has released the latest attestation report on USD reserves backing USDC. Updated monthly, these reports are issued by independent accounting and consulting firm, Grant Thornton LLP.

Grant Thornton LLP is one of the world's largest networks of independent accounting and consulting member firms which provide assurance, tax, and advisory services to privately held businesses, public interest entities, and public sector entities.

The report states as of October 30, 2020 at 11:59 PM Pacific Time (“PT”):

• USD Coin (“USDC”) tokens issued and outstanding =  2,971,030,556 USDC
• US Dollars held in custody accounts = $2,973,954,847
• 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

Read the full report here. Grant Thornton LLP provides these USDC attestation reports on Circle’s USDC reserves every month, so be sure to check back for more updates.