30 April 2026 – Anchorage Digital Bank has released the USA₮ Reserve Report as of March 31, 2026, prepared under the American Institute of Certified Public Accountants (AICPA) “2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens.”

As of 11:59:59 p.m. UTC on March 31, 2026, there were 22,050,123 USA₮ tokens outstanding, an increase of 3,054,211 tokens from February’s 19,001,496.

• Reserve assets totaled $22,200,850, up from $19,146,639 in February, an increase of $3,053,484 month-over-month.
• Reserves exceeded tokens outstanding by approximately $150,727, compared to a $145,143 surplus in February, continuing a consistent pattern of overcollateralization across each monthly report.

This report lands at a moment when the U.S. is positioning itself to take a more active role in digital asset infrastructure. Legislative efforts and regulatory guidance are increasingly focused on bringing stablecoin activity onshore, prioritizing transparency, high-quality reserves, and supervised issuance models. USA₮ aligns directly with that direction. Issued through OCC-supervised rails, with reserves held in segregated accounts and disclosed under AICPA criteria, the structure reflects the direction the market is moving toward, not where it has been.

After three consecutive reports, USA₮ is operating with full reserves, a consistent surplus, and disclosures that can be tracked month-to-month under U.S. regulatory oversight. That consistency is being established in a market where scrutiny of stablecoin structures is intensifying, particularly in the U.S., where policymakers are actively shaping frameworks for reserve quality, disclosures, and redemption guarantees. USA₮ is already operating within those parameters, offering a live example of how a regulated digital dollar can function under existing oversight.

“It’s one thing to define a structure for a regulated digital dollar; it’s another to run it consistently over time and show the results,” said Paolo Ardoino, CEO of Tether. “With each report, USA₮ is demonstrating that you can combine transparency, full reserve backing, and regulatory oversight without sacrificing the efficiency that makes blockchain-based systems useful in the first place. That combination is what will determine which platforms actually scale in the years ahead.”

“By the third report, the focus starts to move away from what USA₮ is supposed to be and toward how it actually performs,” said Bo Hines, CEO of Tether USA₮. “You can see supply increasing, reserves moving in step, and a surplus maintained throughout. That kind of consistency matters more than any single data point. Institutions aren’t evaluating potential, they’re looking for systems that behave predictably under real conditions, and that’s what these reports are starting to show.”

USA₮ continues to expand across payments, settlements, treasury operations, and digital platforms as demand for regulated, transparent digital dollars accelerates.

For more information, please reference the USA₮ Reserve Report here.

About USA₮

USA₮ is a dollar-backed stablecoin that Tether, the global leader in stablecoin technology, has collaborated with Anchorage Digital Bank to launch. Purpose-built to serve the U.S. market and support American regulatory standards, USA₮ is a foundational rail for the next generation of American commerce, trade, and finance.

USA₮ underscores Tether’s commitment to driving U.S. dominance and leadership in the evolving digital asset economy. As part of the broader Tether ecosystem, USA₮ aims to set a new benchmark in the U.S. for utility-driven stablecoins designed to deliver long-term value, strong governance, and real-world applications.

About Anchorage Digital Bank N.A

Anchorage Digital Bank N.A. is the first crypto-native bank to receive a charter from the U.S. Office of the Comptroller of the Currency. As a qualified custodian, Anchorage Digital Bank works closely with its regulators to meet stringent compliance requirements and to set the industry bar for digital asset operations under federal oversight. From SEC-registered investment advisors to venture capital firms, clients using Anchorage Digital benefit from heightened operational, compliance, audit, and governance controls. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.

Forward-Looking Statements:

Certain statements in this press release may be forward-looking in nature. The words “will”, “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions, among others, generally identify “forward-looking statements,” which speak only as of the date the statements were made. The matters discussed in these

forward-looking statements are subject to a number of risks, trends, and uncertainties that could cause actual results to differ materially from those projected, anticipated, or implied in the forward-looking statements. None of Tether nor any other person is responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Important Note:

USA₮ is not legal tender (as described in section 5103 of title 31, United States Code) and is not issued, backed, approved, or guaranteed by the U.S. government. USA₮ will not be subject to the insurance protections of the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other government agency.

The issuer of USA₮ is Anchorage Digital Bank, N.A.