{"data":{"issuer_slug":"circle","issuer_name":"Circle","logo":null,"verification_interval":"15m","basis":"Observed figures from Philidor’s stablecoin backing look-through: every product identifies whether evidence is Philidor-verified on-chain, independently attested, or issuer-reported. Reserve and liability timestamps are separate, stale evidence fails closed, and cross-time or cross-scope ratios are withheld. Unobserved fields are null with a reason; nothing is inferred. This is decision evidence, not a solvency guarantee.","products":[{"symbol":"USDC","name":"USD Coin","address":"0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48","chain_id":1,"status":"live","status_reason":null,"verification_method":"issuer_report","liability_method":"issuer_report","onchain_verified_pct":0,"verifiability_pct":0,"collateral_ratio":1.0040722139269715,"supply_usd":73670000000,"total_reserves_usd":73970000000,"last_verified_at":"2026-09-01T15:03:39.700Z","last_observed_at":"2026-09-01T15:03:39.700Z","source":"circle","source_updated_at":"2026-08-27T23:59:59.000Z","liability_updated_at":"2026-08-27T23:59:59.000Z","verification_interval":"15m","evidence_interval":"7d","max_operand_skew_minutes":1,"source_url":"https://www.circle.com/transparency","evidence_basis":"Circle weekly disclosure; reserves and USDC in circulation are rounded to $0.01bn and share the same stated as-of date. Monthly third-party assurance is a separate evidence layer.","delta_neutral":null,"insurance_fund_usd":null,"sleeves":[{"sleeve_key":"circle_overnight_reverse_repo","weight_pct":67.0136541841287,"amount_usd":49570000000,"score":2,"score_source":"fail_closed"},{"sleeve_key":"circle_under_3m_treasuries","weight_pct":17.858591320805733,"amount_usd":13210000000,"score":2,"score_source":"fail_closed"},{"sleeve_key":"circle_systemic_bank_deposits","weight_pct":14.140867919426794,"amount_usd":10460000000,"score":2,"score_source":"fail_closed"},{"sleeve_key":"circle_other_bank_deposits","weight_pct":0.9868865756387725,"amount_usd":730000000,"score":2,"score_source":"fail_closed"}],"published_score":9.25,"published_tier":"Prime","snapshot_at":"2026-09-01T15:03:39.700Z","null_reasons":{"delta_neutral":"No observed source asserts delta-neutrality for this product.","insurance_fund_usd":"No adapter observes an insurance fund for this product yet."}}],"unobserved_products":[],"headline":{"headline_collateral_ratio":1.0040722139269715,"headline_reserves_usd":73970000000,"headline_supply_usd":73670000000,"verifiability_pct":0,"status":"live","status_reason":null,"last_verified_at":"2026-09-01T15:03:39.700Z","oldest_source_updated_at":"2026-08-27T23:59:59.000Z","last_observed_at":"2026-09-01T15:03:39.700Z","null_reasons":{}}}}