15 February 2019 – We wanted to share the 4th monthly report from Grant Thornton, one of the world’s largest auditors, attesting to the dollar reserves backing the stablecoin USDC.
The report was issued to Circle, one of the world’s largest crypto finance companies, on February 15th.
The report states that as of January 31, 2019 at 11:59 PM UTC:
- USD Coin (“USDC”) tokens issued and outstanding = 307,793,724 USDC
- US Dollars held in custody accounts = $307,848,312
- 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
Please let us know if you have any questions or want to speak with anyone at Circle about USDC.