April 2020's report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. Check out our blog today to learn more!
We have published the newest attestation report on USD reserves backing USDC. These reports, which are released at a monthly cadence, are issued by Grant Thornton LLP, an independent accounting and consulting firm. The document states as of April 30, 2020 at 11:59 PM Pacific Time (“PT”):
- USDC tokens issued and outstanding = 726,804,679 USDC
- USD held in custody accounts = $727,324,351
- At the time of the report's publication, issued and outstanding USDC tokens do not exceed the balance of the USD held in custody accounts
If you're interested in reading more, you can download the full report here. Grant Thornton LLP provides USDC attestation reports on Circle’s USDC reserves on a monthly basis. Check back in with us each month to see the status of USDC issued and outstanding.
To see USDC's journey from the beginning til now, check out our other attestation reports today!
