trust
Trust & Transparency
November 17, 2022

Amid market volatility, Circle continues to see a flight to quality to USDC. A strong financial position, continued commitment to transparency and public sc...

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November 3, 2022

We’ve deepened our partnership with BlackRock, drawing on the operational strength of the world’s largest asset manager to help safeguard the USDC reserve

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August 25, 2022

Circle’s July USDC attestation report from Grant Thornton gives independent validation of the cash and U.S. Treasury assets that comprise the USDC backing

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August 9, 2022

As a regulated entity, Circle has built trust in USDC by balancing the ecosystem with active, global policy and regulatory engagement. Now we take that trus...

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July 14, 2022

Circle continues enhancing our transparency and today has shared a detailed look at the assets backing the USDC reserve.

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July 13, 2022

Circle’s position is stronger than ever, and we’re investing for the long term while remaining committed to building trust and providing transparency.

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July 12, 2022

Circle is subject to strict regulatory oversight. Building a new infrastructure layer for the internet can’t be done without rigorous oversight.

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July 6, 2022

Circle Yield is overcollateralized and built to offer our lenders meaningful security. See how you can start protecting your capital with Circle Yield.

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July 5, 2022

Circle aspires for digital assets to be used by billions of people to exchange trillions of dollars of value daily. See what we're doing to make this possib...

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June 13, 2022

USDC is always redeemable 1 for 1 for US Dollars. Any amount. Always. Period.

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Stability you can trust

USDC and Euro Coin are fully backed by highly liquid fiat reserves held separately from Circle’s operating funds at leading financial institutions for the benefit of our stablecoin holders. We regularly issue reports on all reserve assets, along with our SEC filings, as part of our strong commitment to transparency.

Monthly attestations

View monthly reserve attestations from Grant Thornton, a leading global accounting firm, which provide assurance that the amount of stablecoin reserves are greater than the amount in circulation each month, according to attestation standards set out by the American Institute of Certified Public Accountants (AICPA).

Weekly USDC reserves breakdown*

 

Balances

 
november 10th, 2022
November 17th, 2022

  USDC in circulation

$43.6B

$44.1B

  USDC reserves 

$43.8B

$44.3B

Cash

$11.1B

$9.8B

Short-duration U.S. Treasuries

$32.6B

$34.5B

 

 

USDC issuance and redemption, November 10th – November 17th 2022

 
USDC issued $7.5B
USDC redeemed $7.0B
Weekly change in circulation $0.5B

*For further details on USDC reserve, please see our detailed monthly reporting