Tether’s USAT supply grows 540% month-over-month, latest attestation shows
The Block
Tether’s USA₮ token supply surged 540% in April, reaching over 140 million tokens backed by fully segregated reserve assets.Summary
Tether’s USA₮ stablecoin experienced a massive 540% growth in April, with tokens in circulation rising from 22 million to over 140 million. Tether CEO Paolo Ardoino attributes this expansion to growing institutional demand for regulated, transparent digital dollar products. The token, which is issued by Anchorage Digital Bank, maintains 1-1 reserves in cash and U.S. Treasury-backed reverse repurchase agreements to comply with the GENIUS Act. This growth highlights Tether's efforts to align with U.S. regulatory standards while maintaining its status as a significant stablecoin issuer.
(Source：The Block)