Tether has released its first reserve report for its U.S.-regulated stablecoin, $USAT, revealing that it has $17.6 million in reserves backing 17.5 million tokens currently in circulation. This launch represents Tether’s initiative to provide a compliant alternative for users seeking regulated dollar-pegged tokens, marking a significant step in its expansion into U.S. stablecoin issuance under stricter compliance frameworks. The detailed disclosure in the reserve report also reflects Tether’s commitment to greater transparency and accountability in the stablecoin market.
Tether releases reserve report showing $17.6M backing for USAT
