28 May 2026 – Anchorage Digital Bank N.A. has released the USA₮ Reserve Report as of April 30, 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 April 30, 2026, there were 140,850,950 USA₮ redeemable tokens outstanding, an increase of 118,800,827 tokens from March’s 22,050,123.

• Reserve assets totaled $141,178,400, up from $22,200,850 in March, an increase of $118,977,550 month-over-month.
• Reserves exceeded redeemable tokens outstanding by $327,450, compared to a $150,727 surplus in March.

Redeemable tokens outstanding increased more than sixfold in one month, suggesting USA₮ is beginning to move beyond initial launch activity and into more active use across institutional treasury operations, digital asset settlement flows, and regulated dollar liquidity management. Few regulated stablecoin launches have scaled this quickly while maintaining segregated reserve structures and monthly reporting in line with AICPA stablecoin criteria.

The increase suggests USA₮ is beginning to transition from a newly launched regulated stablecoin into an actively used settlement and treasury instrument. Supply grew sharply, reserves increased alongside issuance, and USA₮ maintained surplus backing as activity expanded. As of April 30, USA₮ reserves consisted of $13,427,400 in cash and $127,751,000 in reverse repurchase agreements collateralized by U.S. Treasury securities. The report states that reserve assets are maintained in segregated fiduciary trust accounts that are unencumbered and held for the benefit of USA₮ token holders.

“The April report shows regulated digital dollar adoption accelerating at exactly the moment U.S. policy is beginning to catch up with market demand,” said Paolo Ardoino, CEO of Tether. “USA₮ redeemable tokens outstanding increased nearly 540% month-over-month, with reserves growing alongside issuance. As stablecoin rules become clearer, institutions are going to look for digital dollars that combine scale, supervised issuance, and transparent reserve reporting.”

“USA₮ is beginning to show what operational adoption looks like for a regulated digital dollar,” said Bo Hines, CEO of Tether USA₮. “Supply grew more than sixfold in April, reflecting increased use across institutional treasury operations, settlement flows, and regulated dollar liquidity management. The broader policy environment is moving in the right direction, and USA₮ is already operating in the kind of structure that institutions are asking for.”

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.