USA₮ said in an official announcement that a reserve report issued by Anchorage Digital Bank showed the stablecoin’s circulating supply reached 175.73 million tokens as of Aug. 31. That was up nearly 10x from 17.5 million at the end of January. The report listed total reserve assets at $176.4 million, exceeding the value of tokens in circulation by $660,000. USA₮ is issued by federally chartered bank Anchorage Digital Bank, with support from Tether. The announcement also said the product meets the requirements of the GENIUS Act. The figures were cited by ChainCatcher from the official disclosure.
According to an official announcement from USA₮, a reserve report released by Anchorage Digital Bank showed that USA₮ had a circulating supply of 175.73 million tokens as of Aug. 31. That marked an increase of nearly 10x from 17.5 million at the end of January.
The report said total reserve assets stood at $176.4 million, exceeding the value of tokens in circulation by $660,000.
USA₮ is issued by federally chartered bank Anchorage Digital Bank, with support from Tether, and complies with the requirements of the GENIUS Act.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
