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 bank, where all transaction-related activity will be managed, whereas USBAM will hold USDC reserve balances.
We have engaged Grant Thornton LLP to examine, on a monthly basis, certain management assertions related to the Total USDC in circulation. You can find those USDC-related attestation reports on centre.io/usdc-transparency.