Tether's USAT Supply Grows 540% Month-over-Month to 140M Tokens, Latest Attestation Shows

According to Thursday's attestation, Tether's USAT supply grew 540% month-over-month, climbing from approximately 22 million tokens in March to over 140 million in April. The total reserve balance reached $141,178,400, representing a $327,450 surplus relative to outstanding tokens.

Anchorage Digital Bank, the federally chartered issuer of USAT, confirmed reserves comprise $13.4 million in cash and $127.8 million in reverse repurchase agreements backed by U.S. Treasury securities, held in segregated fiduciary trust accounts.