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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 custody accounts = $127,412,240.89
The issued and outstanding USDC tokens do not exceed the balance of the US Dollars held in custody accounts
You can read the full report . Grant Thornton LLP will provide USDC attestation reports on Circle’s USDC reserves on a monthly basis.
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Predictions 2019: 3 potential triggers for the next bitcoin bull run
After tracking sideways for months the bitcoin price has slid dramatically during November. For newcomers to the sector this was no doubt a jarring event but in reality, it is just a continuation of the number one crypto’s cyclical rise and fall. It will go up again — it always does. The real question to ask is why — what catalyst will it take to trigger the next bull run? This article assesses the three most likely contenders for that role.
