Anchorage Digital Bank said The Block reported on Monday that Tether released its first reserve attestation report for USAT, a stablecoin it introduced under U.S. regulation.
As of Jan. 31, Tether was confirmed to hold $17,604,716 in reserves against 17,501,391 USAT in circulation. That is about 0.6 percent more than the circulating amount.
The reserves consist of U.S. dollar cash and reverse repo agreements backed by U.S. Treasuries. The assets are held in segregated trust accounts.
USAT, launched on Jan. 27, is issued directly by Anchorage Digital Bank, which is supervised by the Office of the Comptroller of the Currency. That differs from Tether's flagship stablecoin, USDT.
Tether is emphasizing USAT as an alternative tailored to the U.S. regulatory environment. The report is the first transparency disclosure for USAT since the GENIUS Act passed in July 2025. The GENIUS Act requires regulated stablecoins to hold high-quality reserve assets such as short-term Treasuries.
Chi-gyu Hwang
delight@d-today.co.kr