According to the audit report, stablecoin Circle (USDC) has successfully passed the test and is fully supported by the US dollar.
Cryptocurrency audit was conducted by well-known company Grant Thornton LLP. At the end of October, Circle had $ 127,412,240, which exceeds the cost of tokens in circulation – $ 127,408,827. Thus, Circle has the opportunity to buy out all the tokens on the market.
The audit was carried out in accordance with the norms and standards of AICPA (American Institute of Certified Public Accountants). It is worth noting that recently competitors Circle Gemini and Paxos have also been audited and published reports.
What do you think about Circle (USDC)?