Circle Reserve Attestation Shows USDC Backing Above Circulating Supply

Circle has issued its latest monthly reserve attestation for USDC, with Deloitte’s review showing reserve assets above total circulating token supply. The attestation states that USDC reserves stood at $34.5 billion and were backed primarily by short-term U.S. Treasury bills and overnight repurchase agreements. That kind of reserve disclosure matters because stablecoins depend on confidence. Users need to believe that tokens can be redeemed and that reserves are managed conservatively. USDC has long tried to compete on transparency and regulatory alignment. Monthly attestations are part of that strategy. For more details, visit the official Circle platform. TL;DR Circle released its latest monthly USDC reserve attestation. The attestation showed reserve assets above circulating USDC supply. Reserves were mostly held in short-term U.S. Treasuries and overnight repo agreements. Why Stablecoin Attestations Matter Stablecoins are only useful if users trust the backing. A dollar-pegged token needs enough high-quality assets behind it to meet redemptions. If users begin to doubt the reserves, confidence can disappear quickly. That is why reserve transparency has become one of the most im...