Catenaa, Friday, March 06, 2026-Anchorage Digital Bank on Monday released the first reserve attestation for USAT, a federally regulated stablecoin issued in partnership with Tether, showing $17.6 million in assets backing the token as of January 31.
The report showed 17,501,391 USAT in circulation, supported by $17,604,716 in reserves, or about 0.6% more than outstanding tokens.
Reserve assets consisted of US dollar cash and reverse repurchase agreements collateralized by US Treasury securities.
The funds were held in segregated fiduciary trust accounts.
USAT launched January 27 and is issued directly by Anchorage Digital Bank under supervision of the Office of the Comptroller of the Currency.
The structure distinguishes it from Tether’s flagship USDT token, which is not available to US customers.
The attestation follows passage of the GENIUS Act in July 2025, which requires regulated stablecoins to hold high-quality, short-term reserve assets such as Treasury bills.
Tether has positioned USAT as a US-compliant alternative designed to operate within federal banking rules.
The global stablecoin market is nearing $300 billion in circulation, led by USDT and USDC, according to industry data.
