Circle works with multiple industry-leading global banking partners and leading public accounting firms and advisors, as well as top-tier insurance underwriters.
We are utilizing several banking partners for USDC, including Silvergate Bank, US Bancorp Asset Management (USBAM). Silvergate will serve as settlement banks, where all transaction-related activity will be managed, whereas USBAM will hold USDC reserve balances.
We have engaged Grant Thornton LLP to apply on a monthly basis certain agreed-upon procedures to assist management regarding the accuracy of US Dollar reserve balances for the USD Coin tokens in circulation as set forth by the Company. You can find those USDC-related attestation reports on centre.io/usdc-transparency.