USAT Token compliant with the GENIUS Act increased by nearly 540% compared to the previous month, from 22 million to over 140 million Token in April.
The supply of USAT , the stablecoin designed to comply with Tether's US regulatory framework, has increased nearly sixfold in just one month, from approximately 22 million Token in March to over 140 million Token in April, according to a report published on Thursday.
Total reserves reached $141,178,400, representing a surplus of $327,450 over the outstanding Token . The reserve structure comprises $13.4 million in cash and $127.7 million in reverse repurchase agreements secured by U.S. Treasury securities, held in segregated trust accounts.
USAT and Tether 's strategy for entering the US market.
Launched in January as an attempt to enter regulatory territory in the US, USAT is issued by Anchorage Digital Bank, the first native crypto-based bank with a federal charter, and is overseen by the US Office of the Comptroller of the Currency (OCC). The Token 's design complies with the requirements of the GENIUS Act, including maintaining a 1:1 reserve ratio of cash or highly liquidation assets.
CEO Paolo Ardoino noted that this growth reflects accelerating demand for managed digital dollars, at a time when US policy is beginning to catch up with the market, and predicted that institutions will increasingly seek stablecoins that combine supervised issuance with transparent reserve reporting.
USAT's growth is built on Tether's solid financial foundation. The company projected net profits of $10 billion in 2025 and over $1 billion in the first quarter of 2026, with reserves exceeding a record $8.23 billion. Tether is currently the world's largest issuer of stablecoins, with USDT accounting for more than half of the total market supply.
Anchorage's stablecoin-as-a-service segment is also attracting major partners such as Western Union, OSL Group, and Falcon Finance, while Bo Hines, CEO of USAT, predicts that Tether could soon become one of the top ten buyers of US Treasury bonds thanks to the growth momentum of stablecoins.
