Anchorage Digital Bank has published the first reserve attestation for USAT, Tether’s U.S. stablecoin, revealing $17.6 million in assets supporting the 17,501,391 USAT tokens in circulation as of January 31. This attestation confirms that USAT is backed by U.S. dollar cash and reverse repurchase agreements secured by U.S. Treasury securities, held in segregated fiduciary trust accounts, marking a significant transparency milestone. Launched on January 27, USAT operates under federal banking supervision, distinguishing it from Tether’s USDT, which is not legally accessible to U.S. customers. The USAT’s development aligns with the GENIUS Act, requiring regulated stablecoins to maintain high-quality reserves, reinforcing Tether’s positioning of USAT as a compliant alternative within the U.S. market.
Anchorage Digital Bank releases first attestation for USAT showing $17.6M in reserves
