USDC Reserve Attestation

Circle Internet Group, Inc. — 2023-03-31

Engagement Details

Period Type

Monthly

Engagement Type

Examination

Standard

AT-C 205

Opinion

Unmodified

Practitioner

Deloitte & Touche LLP

Assertion Party

Management of Circle Internet Group, Inc.

Reserve Summary

Total Reserves

$32,600,000,000

Circulating Supply

$32,400,000,000

Coverage Ratio

100.62%

Custodians

Not disclosed in report.

Scope Notes

SVB crisis month. USDC briefly depegged after $3.3B in reserves were disclosed at Silicon Valley Bank. Supply dropped sharply from redemptions.

GENIUS Act Disclosure Checklist

Factual observations only. See methodology.

• ✓Monthly disclosure published
• ✓Examination-level engagement
• ✓Practitioner PCAOB-registered
• ✗Composition by category disclosed

Source

Primary source PDF ↗

Source quality: Secondary Source

How to Cite

Reserve Attestation Registry. "USDC Reserve Attestation — 2023-03-31." https://grantstell.com/attestations/circle-usdc-2023-03 (retrieved 2026-08-03).