28 February 2026 – Anchorage Digital Bank has released the first USA₮’ Reserve Report as of January 31, 2026, which was prepared under the American Institute of Certified Public Accountants (AICPA)’s “2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens”.  

As of 11:59:59 p.m. UTC on January 31, 2026, there were 17,501,391 USA₮ tokens outstanding. 

• Reserve assets totaled $17,604,716. 
• Reserves exceeded tokens outstanding by $103,325.

The reserve assets consisted of U.S. dollar cash and reverse repurchase agreements collateralized solely by U.S. Treasury securities. The assets are held in segregated fiduciary trust accounts. All issued USA₮ tokens are redeemable 1:1 in U.S. dollars pursuant to the Bank’s terms, and are issued directly by Anchorage Digital Bank, which operates under the supervision of the Office of the Comptroller of the Currency.  

USA₮ combines Tether’s decade of experience providing global access to digital dollars with Anchorage Digital’s strong track record operating under a clear U.S. federal framework. The collaboration between the world’s largest stablecoin issuer and America’s first federally regulated crypto bank defines USA₮ as a next-generation U.S. dollar-backed digital asset.

“USA₮’s early momentum signals strong demand for a resilient, dollar-backed digital asset tailored to the U.S. market,” said Paolo Ardoino, CEO of Tether. “By releasing the first reserve report, Anchorage Digital Bank is establishing a clear standard of accountability and financial strength. We intend to help define the next chapter of digital dollars in the United States.”

“USA₮ is helping redefine how digital dollars move within the U.S. financial system,” said Bo Hines, CEO of Tether USA₮. “This report marks the beginning of a broader expansion as we build scalable infrastructure to support the next generation of digital finance.”

Weeks after launch, USA₮ is gaining adoption for creator payouts, settlements, and treasury operations across internet-native platforms such as Rumble Wallet and Whop, as well as leading exchanges and marketplaces. This early momentum signals the start of Tether’s U.S. expansion and highlights its role in building scalable digital commerce infrastructure.

Nathan McCauley, Co-Founder and CEO of Anchorage Digital, said, “The attestation underscores how tokenized dollars can operate within the existing framework of U.S. banking supervision. If digital dollars are going to support institutional settlement at scale, the reporting standard has to reflect the regulatory perimeter they operate within. Transparent attestations, clear reserve management, and oversight are what allow stablecoins to move from a crypto product to core financial infrastructure. This report demonstrates that tokenized dollars can meet the expectations institutions already have for safety, accountability, and reliability, while delivering the speed and programmability that modern payments require.”

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

About USA₮

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

Tether’s support for USA₮ underscores its commitment to driving U.S. dominance and leadership in the evolving digital asset economy. As part of the broader Tether ecosystem, USA₮ will 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. 

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₮ is not subject to the insurance protections of the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other government agency. The press release is published by Tether Operations, S.A. de C.V. for informational purposes only.

Tether Operations, S.A. de C.V. is not the issuer of USA₮. The issuer of USA₮ is Anchorage Digital Bank, N.A.