USDC July Audit Report: The issued and outstanding USDC does not exceed the escrow dollar balance

On August 14, the independent accounting firm Grant Thornton released the July audit report for the USDC dollar reserve. The report shows:
1. As of July 31, 23:59 Pacific time, the number of issued and outstanding USDC tokens is 435,017,581 USDC;
2. At the same time, the US dollar reserve in the escrow account is US$436,244,741;
3. As of the reporting audit date, the issued and outstanding USDC tokens did not exceed the dollar balance held in the escrow account.