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 September 30, 2020 at 11:59 PM Pacific Time (“PT”):
- USD Coin (“USDC”) tokens issued and outstanding =2,513,941,166 USDC
- US Dollars held in custody accounts = $2,515,032,711
- 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
To read the full report, click here. These attestation reports on issued and outstanding USDC are published by Grant Thornton LLP every month. Be sure to check in with Circle every month when a new report is released so you can stay up to date on USD reserves backing USD coin.
