Circle Reverts to More Conservative Investment Profile for USDC Reserves

President and chief operating officer at Coinbase, Emilie Choi, has posted an update on the reserves of the world’s second-largest stablecoin, USDC. The post Circle Reverts to More Conservative Investment Profile for USDC Reserves appeared first on BeInCrypto.

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Coinbase Changes 100 Percent Dollar-Backed Claim for USDC on Its Website

The largest cryptocurrency exchange in the United States, Coinbase, has altered its description of the USD Coin (USDC) page on its website, following the latter’s revelation of its assets reserves.

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96% of PAX and BUSD Reserves in Cash & Cash Equivalents, Reports Custodian

Paxos also blasted Tether (USDT) and Circle (USDC) for claiming themselves to be regulated while having 75. 85% and 61% in cash and cash equivalents that are “backed substantially by corporate debt obligations.

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Report Shows That Majority of Circle’s USDC Reserves Are Held in Cash

Payments fintech company Circle revealed a breakdown of the assets backing the dollar-pegged stablecoin USDC, as part of efforts to ensure transparency and accountability.   Assets Backing USDC Stablecoin  In an attestation report by major accounting firm Grant Thornton, the company revealed the reserves backing USDC.

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61% of USDC Reserves in Cash and Cash Equivalents, Reveals Circle’s Transparency Report

With a market cap of nearly $26. 9 billion, USDC is the second-largest stablecoin capturing 23. 57% of the stablecoin market share, up from 9. 15% a year back. This year alone, USDC in circulation has grown by over 2,600%.

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Circle выпустила отчет об обеспечении стейблкоина USDC

Большая часть выпущенных на рынок стейблкоинов USD Coin (USDC) обеспечена долларом США. Остальные монеты подкреплены облигациями и прочими высоколиквидными активами. As I shared just over a week ago, we are expanding our transparency on USDC Reserves.

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Circle раскрыла информацию об обеспечении стейблкоина USDC

Большая часть выпущенных на рынок стейблкоинов USD Coin (USDC) обеспечена долларом США. Остальные монеты подкреплены облигациями и прочими высоколиквидными активами. As I shared just over a week ago, we are expanding our transparency on USDC Reserves.

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Coinbase Launches High Yield USDC Accounts With 4% APY

Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts.

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Stablecoin reserves on crypto exchanges hit new historic high of $10B

Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC.

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Will Coinbase-backed USDC push Bitcoin's price higher?

With Tether’s dropping reserves having an impact on Bitcoin’s price, Coinbase-backed stablecoin USDC’s steadily climbing reserves may do the same. According to USDC's hourly mean inflow charThe post Will Coinbase-backed USDC push Bitcoin's price higher? appeared first on AMBCrypto.

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USDC Reserve Attestation Report from Grant Thornton LLP - January 2020

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 January 31, 2020 at 11:59 PM Pacific Time (“PT”):USD Coin (“USDC”) tokens issued and outstanding = 440,715,490 USDCUS Dollars

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USDC Reserve Attestation Report from Grant Thornton LLP - December 2019

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 December 31, 2019 at 11:59 PM Pacific Time (“PT”): USD Coin (“USDC”) tokens issued and outstanding = 519,628,995 USDC US Dollars

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USDC Reserve Attestation Report from Grant Thornton LLP - November 2019

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 November 30, 2019 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 457,103,362 USDC US Dollars held in

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USD Coin Treasury Mints Another $1.5M USDC

Another batch of the Coinbase-backed USD Coin (USDC) has just been minted. $1. 5M worth of USDC will soon be entering the market. USD Coin (USDC), a stablecoin backed by Coinbase and Circle, has been quickly ramping up its issuances as it expands its reserves.

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Circle’s USDC Stablecoin Receives Clean Audit Report; Fiat Backed Reserves Grow by Over 50%

The USDC stablecoin parent company, Circle, most recent audit report shows the firm is liquid enough to back its 1:1 token peg ratio against the dollar. According to the audit done by Grant Thornton, Circle’s operation is well balanced besides being supported by Financial Services giant, Goldman Sachs. Back in October, Circle issued a circulating […]

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USDC Audit Confirms Circulating Supply Up 50% This Year

Wednesday saw Circle release the results of the latest audit performed on the current supply of USDC, and the reserves of fiat the tokens are pegged to. According to the numbers, not only does the company have over 50% more stablecoins in circulation than it did in January, but it also has enough US Dollars […] The post USDC Audit Confirms Circulating Supply Up 50% This Year appeared first on BeInCrypto.

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Trump Advisor and Former Fed Nominee Launches Fractional Reserve Stablecoin

Stephen Moore, Trump’s initial nominee for the post of Federal Reserve Chairman and close campaign advisor, has announced his latest venture – Frax – that runs a U. S. dollar stablecoin.

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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 May 31, 2019 at 11:59 PM Pacific Time: USD Coin (“USDC”) tokens issued and outstanding = 333,854,877 USDC US Dollars held

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Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

The latest third-party audit of its USD-pegged stablecoin USD Coin has been published by Goldman Sachs-backed crypto finance startup Circle

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See Circle Crypto Company’s USDC New April 2019 Attestation Report From Grant Thornton LLP

In a recently uploaded blog post, the Circle team informed that they have released the latest attestation report related to the US dollar reserves that it has to back the USDC. The attestation report has been released by the independent accounting firm Grant Thornton LLP.

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USDC Reserve Attestation Report from Grant Thornton LLP - April 2019

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 April 30, 2019 at 11:59 PM Pacific Time: USD Coin (“USDC”) tokens issued and outstanding = 293,184,174 USDC US Dollars held

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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

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Circle Releases Sixth Audit Report About its USDC Stablecoin Verifying Its US Dollar Reserves

Circle has recently released a new audit report related to its stablecoin USD Coin (USDC). The information was released by Circle in a blog post. The report signed by the auditing firm Grant Thornton shows that the firm has enough capital to back each USDC coin released to the market on a 1:1 basis. Circle […]

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USDC Reserve Attestation Report from Grant Thornton LLP - March 2019

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 March 31, 2019 at 11:59 PM Pacific Time: USD Coin (“USDC”) tokens issued and outstanding = 246,586,876 USDC US Dollars held

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Circle Releases USDC Attestation Report Performed by Grant Thornton LLP

Circle is the provider of the USDC stablecoin, which is required to maintain a 1:1 ratio with the company’s liquidity at all times. The company posted a blog today to announce the publication of their attestation report, vouching for their US dollar reserves.

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USDC Reserve Attestation Report from Grant Thornton LLP - February 2019

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 28, 2019 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 236,917,932 USDC US Dollars held in

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USDC Reserve Attestation Report from Grant Thornton LLP - January 2019

Today, Circle released the fourth attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. 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

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Стейблкоин компании Circle прошел аудиторскую проверку

Компания Grant Thornton LLP – подразделение международной консалтинговой фирмы Grant Thornton International провела аудиторский отчет об аттестации стейблокоина USDC от криптостартапа Circle. Отчет подтвердил, что все токены USDC, находящиеся в обращении обеспечены достаточным количеством фиатных долларов.

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Аудиторская проверка подтвердила обеспеченность стейблкоина USDC

Аудиторская фирма Grant Thornton подтвердила, что в конце 2018 года стейблкоин USDC от стартапа Circle был полностью обеспечен фиатными резервами. Independent accounting firm Grant Thornton LLP issues attestation report on US Dollar reserves backing USD Coin (USDC) in circulation through December 2018.

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Стейблкоин USDC от Circle успешно прошел аудиторскую проверку

Аудиторская фирма Grant Thornton подтвердила, что в конце 2018 года стейблкоин USDC от стартапа Circle был полностью обеспечен фиатными резервами. Independent accounting firm Grant Thornton LLP issues attestation report on US Dollar reserves backing USD Coin (USDC) in circulation through December 2018.

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Circle Releases Third Audit Report of Stablecoin USDC’s Dollar Reserves

Circle releases yet another third-party audit report of the USD reserves backing its stablecoin, USDC

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Circle’s USDC Stablecoin Fully Dollar Backed, Says Latest Auditor’s Report

Crypto finance startup Circle’s USDC stablecoin was fully backed with fiat reserves at the close of 2018, according to auditing firm Grant Thornton.

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USDC Reserve Attestation Report from Grant Thornton LLP - December 2018

Today, Circle released the third attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of December 31, 2018 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 251,211,148 USDC US Dollars held in

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USD Coin (USDC) Second Attestation Report Confirms $181.1M Reserves

The attestation report prepared by Grant Thornton has verified Circle’s claims that 177.1 million USDC in circulation were backed by more than $180 million in custody accounts.

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Circle Publishes Another Third-Party Audit of USD Reserves for Stablecoin USDC

Goldman Sachs-backed Circle has published a third-party audit of its USD-pegged stablecoin USD Coin for the second time

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Стейблкоин USD Coin успешно прошел повторный аудит

Выпущенный компаниями Circle и Coinbase стейблкоин USD Coin (USDC) прошел повторный аудит, подтвердивший его обеспеченность заявленным количеством долларов США. Independent accounting firm Grant Thornton LLP issues second attestation report on US Dollar reserves backing USD Coin (USDC) in circulation.

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Повторный аудит USD Coin подтвердил обеспеченность стейблкоина твердой валютой

Выпущенный компаниями Circle и Coinbase стейблкоин USD Coin (USDC) прошел повторный аудит, подтвердивший его обеспеченность заявленным количеством долларов США. Independent accounting firm Grant Thornton LLP issues second attestation report on US Dollar reserves backing USD Coin (USDC) in circulation.

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USDC Reserve Attestation Report from Grant Thornton LLP - November 2018

Today, Circle released the second attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of November 30, 2018 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 177,190,279 USDC US Dollars held in

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USD Coin (USDC): Circle Issues Attestation Report of US Dollar Reserves Backing USDC

The attestation report made by Grant Thornton US has verified Circle’s claims that more than 127.4 million USDC coins in circulation were backed by the same amount of fiat money in custody accounts.

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Circle Has Enough USD Reserves to Fully Back Its USDC Stablecoin, Auditors Say

CoinSpeaker Circle Has Enough USD Reserves to Fully Back Its USDC Stablecoin, Auditors Say According to the first attestation report on Circle’s stablecoin, the firm’s USDC supply is fully backed by its dollar holdings.

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Top 5 CPA Firm Confirms Funds in First Attestation of Circle’s USDC

Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order.

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Independent Accounting Firm Grant Thornton LLP Issues Attestation Report on US Dollar Reserves Backing USDC Tokens in Circulation

Today, Circle released the first attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of October 31, 2018 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 127,408,827 USDC US Dollars held in

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OKEx Lists Four New Stablecoins

Digital assets platform OKEx has added four stablecoins to its listed assets. According to a support notice published by OKEx, the Hong Kong-based cryptocurrency exchange says that TrustToken's TrueUSD (TUSD), Circle's USDCoin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX) are now live on the platform.

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

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