Read the actual report to see what they are attesting to: https://www.centre.io/hubfs/PDF/2022%20Circle%20Examination%20Report%20March%202022.pdf?hsLang=en htt

Read the actual report to see what they are attesting to: https://www.centre.io/hubfs/PDF/2022%20Circle%20Examination%20Report%20March%202022.pdf?hsLang=en https://www.centre.io/hubfs/PDF/2022%20Circle%20Examination%... 1) There are 51.39 billion USDC in circulation. 2) On a particular day (the Report Date) Circle held an amount of USD-denominated assets at least equal to the number of USDC in circulation in a segregated account. Note what is absent: No statement as to what these assets are. No statement as to where they came from and whether they were in the account the day before or the day after the Report Date.