Key Highlights
- Anchorage Digital Bank published the inaugural reserve attestation for USAT, verifying $17.6 million in backing assets.
- The attestation confirmed full support for 17,501,391 USAT tokens through cash and Treasury-backed securities.
- All reserve holdings remain in segregated fiduciary trust accounts under federal regulatory supervision.
- Tether leadership emphasized the attestation demonstrates market appetite for federally compliant dollar-backed stablecoins.
- Industry data reveals stablecoin supply approaching $300 billion, with USAT launching amid increasing demand for regulatory-compliant digital assets.
Anchorage Digital Bank published its inaugural reserve attestation for the USAT stablecoin, verifying $17.6 million in backing assets. The disclosure detailed reserve composition and token circulation figures for the newly launched digital dollar.
Attestation Details for USAT Reserves
Anchorage Digital Bank confirmed total reserves of 17,604,716 dollars supporting USAT, with 17,501,391 tokens currently in circulation. The financial institution noted reserves surpass outstanding tokens by approximately 0.6 percent.
The bank verified that reserve holdings consist of cash and reverse repurchase agreements backed by Treasury securities. All assets remain within segregated fiduciary trust accounts.
USAT began operations on January 27 under federal regulatory frameworks. The stablecoin functions under direct supervision from the Office of the Comptroller of the Currency.
Company leadership indicated the attestation enhances transparency while supporting initial distribution operations. They emphasized the verification process aligns with regulatory standards established under federal guidelines.
Anchorage CEO Nathan McCauley highlighted that transparent reporting mechanisms facilitate greater institutional adoption. He noted regulatory oversight enables tokenized dollars to meet settlement requirements effectively.
Tether CEO Paolo Ardoino described the attestation as evidence of market interest in a “resilient, dollar-backed digital asset tailored to the U.S. market.” He emphasized the verification demonstrates the organization’s commitment to operating within regulated frameworks.
Tether Strengthens U.S. Market Position with USAT
USAT represents the first Tether-issued token operating under direct U.S. banking regulation. The introduction followed passage of the GENIUS Act in July 2025.
The legislation mandates stablecoins maintain high-quality reserve assets and hold short-term instruments including Treasury bills. Regulatory authorities stated these requirements enhance transparency while ensuring adequate backing.
USAT enters a marketplace where Tether and Circle maintain dominant positions. These established tokens continue controlling the majority of global stablecoin circulation.
The overall stablecoin sector approaches 300 billion dollars in total supply based on industry tracking data. Analytics firms report USDT and USDC retain the highest transaction volumes.
USAT CEO Bo Hines indicated the token may emerge as a significant purchaser of Treasury bills throughout the year. He suggested scaling issuance could increase demand for short-duration government securities.
Tether designed USAT architecture to comply with federal regulatory parameters. The company noted Anchorage’s banking charter permits operations within U.S. regulatory boundaries.
Anchorage characterized the attestation as an initial milestone for the program. The institution indicated subsequent disclosures will follow established reporting schedules.
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