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 February 29, 2020 at 11:59 PM Pacific Time (“PT”):
- USD Coin (“USDC”) tokens issued and outstanding = 444,800,620 USDC
- US Dollars held in custody accounts = $451,257,764
- 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.