Grant Thornton Attests to Reserves Backing the Stablecoin USDC


According to 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.

    Adapted from: Author: Emily Executive editor: Emily Sun
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