Anchorage Digital Bank N.A. has released the USA₮ Reserve Report as of September 30, 2026, prepared under the American Institute of Certified Public Accountants’ “2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens” and independently examined by Deloitte & Touche LLP.
As of September 30, 2026, there were 176,216,064 redeemable USA₮ tokens outstanding, backed by $176,877,250 in reserve assets, exceeding the value of outstanding redeemable tokens by $661,186. Approximately 90% of reserves, or $159.2 million, were held in reverse repurchase agreements collateralized by U.S. Treasury securities, with the remaining $17.6 million held in cash.
USA₮’s reserve composition reflects its focus on providing a reliable foundation for digital dollars in the U.S. financial system. All reserve assets are maintained in segregated, unencumbered fiduciary trust accounts for the benefit of USA₮ token holders, supporting the stablecoin’s use across payments, settlement, and treasury operations.
The September report continues USA₮’s commitment to monthly transparency, giving businesses and institutions clear visibility into the assets backing each redeemable token. Deloitte’s independent examination concluded that management’s assertion regarding the preparation of the reserve report was fairly stated, in all material respects.
“The United States has an opportunity to set the standard for how digital dollars are issued, backed, and used,” said Paolo Ardoino, CEO of Tether. “USA₮ brings together the speed of blockchain technology with federal banking oversight and high-quality reserves. These monthly attestations demonstrate the financial discipline needed to build digital dollar infrastructure that people and businesses can rely on.”
“Businesses need confidence that the digital dollars they use are backed by assets they can understand and verify,” said Bo Hines, CEO of Tether USA₮. “With 90% of reserves in Treasury-collateralized agreements and the remainder in cash, September’s report provides that clarity. Our focus remains on making USA₮ a dependable tool for moving money across the American economy.”
USA₮ continues to expand across payments, settlement, treasury operations, and digital platforms, combining the efficiency of onchain transactions with issuance through a federally chartered U.S. bank.
For more information, please refer to the September USA₮ Reserve Report here.
About USA₮
USA₮ is a dollar-backed stablecoin issued by Anchorage Digital Bank N.A., a federally chartered bank, that Tether, the global leader in stablecoin technology, has collaborated in supporting. 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
Anchorage Digital is the proven infrastructure layer for modern financial markets that gives institutions a single platform to participate in digital assets, including prime services, tokenization, stablecoins, and the governance framework for agentic finance. Home to Anchorage Digital Bank N.A., America’s first federally regulated digital asset bank, Anchorage Digital also serves institutions through Anchorage Digital Singapore, licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, X, YouTube, and LinkedIn.
Press Contacts: Anchorage Digital
press@anchorage.com
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.
