Anchorage Digital Bank and Tether’s USAT Stablecoin Report Reveals Full Backing
- Anchorage Digital Bank and Tether released their first reserve report for the USAT stablecoin.
- The report confirms that the stablecoin USAT is fully backed by dollar-denominated assets.
- As of January 31, the reserves include a modest surplus cushion, ensuring overcollateralization.
- Anchorage Digital Bank operates as a federally chartered national trust bank in the U.S.
This initial reserve report from Anchorage Digital Bank and Tether demonstrates a commitment to transparency and financial stability for their U.S.-focused stablecoin venture. The full backing by dollar-denominated assets with an additional surplus ensures that USAT maintains its value integrity.
With reserves confirmed as overcollateralized, stakeholders can have confidence in the financial robustness of USAT, reflecting Anchorage Digital Bank’s regulated status as a national trust bank. Source
