According a major auditing firm Grant Thornton LLP, Circle Internet Financial had just under $127.5 million backing the dollar-pegged USD Coin (USDC)at the end of last month, enough to redeem every token at the time thereby keeping its promise of backing the digital coins with fiat money. The company had $127,412,240.89 backing 127,408,827 USDC tokens on Oct. 31, 2018. CoinDesk

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