Goldman Sachs-backed fintech startup Circle has published the second attestation report of its asset, stablecoin USD Coin (USDC).
The USD Coin is an ERC-20 based cryptographic stored value token which allows financial market participants to transact in a crypto asset.
The third-party audit, which was conducted by major Chicago-based accounting firm Grant Thornton LLP reconfirms that Circle is holding in custody accounts $180,192,792 with 177,190,279 USDC in circulation.
“In our opinion, the Reserve Account Information in the accompanying Reserve Account Report as of November 30, 2018, at 11:59 PM UTC is correctly stated, based on the criteria set forth in the Reserve Account Report, in all material respects,” the report states.
Previously, one of the largest crypto exchanges in the world, Binance, added USDC to its list of assets. USDC is available in pairs with bitcoin (Bitcoin) and binance coin (BNB).
Moreover, earlier, Circle CEO, Jeremy Allaire, said in an interview with CNBC that bitcoin has a more significant role to play than it does today.
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