Overview
- Anchorage reported $17,604,716 in reserves against 17,501,391 USAT tokens as of Jan. 31, leaving roughly a $100,000 buffer.
- The reserves consist of cash and U.S. Treasuries, including reverse repurchase agreements collateralized by Treasury bills, held in segregated fiduciary trust accounts at U.S. institutions.
- Deloitte prepared the attestation for Anchorage under an AICPA framework, confirming balances at a single snapshot rather than ongoing management.
- The report did not evaluate legal compliance or day-to-day reserve practices, and Anchorage said routine disclosures will follow.
- Launched on Jan. 27 under OCC supervision, USAT is positioned by Tether and Anchorage as a regulated U.S.-focused stablecoin shaped by the 2025 GENIUS Act to attract institutional users.