USDC is an open source project that works within US money transmission laws, uses established banks and auditors and runs on blockchain technology via smart contracts. This is true financial and operational transparency.
View monthly attestations, which provide assurance that the amount of USDC reserves are greater than or equal to the amount in circulation each month, according to attestation standards set out by the American Institute of Certified Public Accountants (AICPA).
For monthly USDC attestation reports commencing with the January 2023 attestation report, please refer to Circle’s Transparency and Stability webpage.