As I read the datasheet of the MCP73831 it would be at 4.2v (the termination point for the CV charging mode); note that this doesn't matter unless you're using VBat directly, since the 3.3v regulator is fed from VBus if it's connected to USB (they put a schottky diode from VBat to the input of the regulator, and connect it directly to VBus).