Tether’s stablecoin USAT saw a nearly 540% month-on-month increase in circulation in April.
Source：
www.theblock.co
According to The Block, Tether’s stablecoin USAT saw its circulating supply rise to over 140 million tokens in April—a nearly 540% increase from approximately 22 million tokens in March. During the same period, its total reserves increased to $141,178,400, exceeding the outstanding token supply by $327,450. Launched in January this year and issued by Anchorage Digital Bank, USAT is designed to comply with the GENIUS Act’s 1:1 reserve requirement. The latest attestation shows that its reserves consist of $13,427,400 in cash and $127,751,000 in reverse repurchase agreements collateralized by U.S. Treasury securities.
