30 March 2026 –  Anchorage Digital Bank has released the USA₮ Reserve Report as of February 28, 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 February 28, 2026, there were 19,001,496 USA₮ tokens outstanding, an increase of 1,500,105 tokens from January’s 17,501,391.

• Reserve assets totaled $19,146,639, up from $17,604,716 in January, an increase of $1,541,923 month-over-month.
• Reserves exceeded tokens outstanding by $145,143, compared to a $103,325 surplus in January, a 40% increase in overcollateralization in a single month.

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

The February report reflects the direction the U.S. stablecoin market is taking, toward fully reserved assets, regular public disclosure, and federal oversight. As stablecoins are used more widely for payments and settlement, market participants are placing greater emphasis on transparency and regulatory clarity. USA₮ was designed with these principles in place from the beginning, with full reserve backing, monthly reporting, and issuance under OCC supervision.

Global stablecoin transaction volume now reaches into the trillions annually, and U.S.-regulated stablecoins are capturing a growing share of that activity as institutions and platforms prioritize regulatory clarity and counterparty certainty. Each monthly reserve report USA₮ publishes adds another data point to what is becoming the clearest record of compliant, transparent stablecoin issuance in the United States.

“The global appetite for U.S.-regulated digital dollars is real, and it is growing,” said Paolo Ardoino, CEO of Tether. “What we are building with USA₮ goes beyond a stablecoin; it is the infrastructure for the next generation of American financial leadership in the digital economy. USA₮ reflects a broader shift already underway, where stablecoins are becoming core financial infrastructure for payments, treasury operations, and global settlement. The opportunity for the U.S. to lead in this space is significant, and it will be defined by systems that are transparent, resilient, and accountable from day one.”

“The U.S. stablecoin market is consolidating around trust, and trust is built through consistent, verifiable disclosure,” said Bo Hines, CEO of Tether USA₮. “Two consecutive months of reserve reports, each showing reserves in excess of tokens outstanding, each prepared under the most rigorous reporting criteria available, is how you earn institutional confidence. USA₮ isn’t following the path toward compliant, federally regulated digital dollars. We’re laying it.”

“Each successive attestation is a step toward making tokenized dollars a permanent fixture of the financial system. What matters to institutions isn’t just innovation, it’s consistency, transparency, and the ability to operate within a clear regulatory framework. This report reflects a maturing standard for how stablecoins are managed and disclosed, reinforcing that digital dollars can meet the same expectations as traditional financial products while delivering the speed and flexibility of blockchain-based systems, “ said Nathan McCauley, Co-Founder and CEO of Anchorage Digital.

USA₮ continues to expand its ecosystem across payments, creator monetization, settlements, and treasury operations. 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.