USDC Audit Report in August: Issued and Unpaid Coins Do Not Exceed Balance of US Dollars Held in Custodial Accounts

[ChainDD report] September 18 (ChainDD) Independent accounting firm Grant Thornton released an audit report of USDC’s dollar reserved. The following points are worth noticing.
1. By the Pacific Time 23:59 on 31 August, issued and unpaid USDC currencies amounted to 453,785,690 USDC.
2. Meanwhile, USDC custodial account has reserved USD 453,848,516.
3. By the date of auditing, issued and unpaid coins do not surpass the balance of USD reserved in custodial accounts.

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