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Tether has partnered with Anchorage Digital to launch USAT. It&#x27;s a U.S.-regulated dollar stablecoin. The reserves? Backed by the first attestation from Deloitte.
This marks a strategic shift for the embattled stablecoin issuer. Tether&#x27;s seeking credibility in the American market. Federal oversight is getting stricter.
Deloitte&#x27;s <a href="https://learn.anchorage.com/01.31.26_USAT-Stablecoin-Attestation-Report.pdf?_gl=1*gucand*_gcl_au*MTQyMzE5OTEzLjE3NzI0NjM2OTg." target="_blank" rel="noopener">report</a> shows USAT held $17.6 million in reserves as of January 31. The money&#x27;s stored entirely in U.S. cash and Treasuries. All at domestic financial institutions.
The attestation represents a departure from Tether&#x27;s past. USDT reserves have been historically opaque. That&#x27;s drawn persistent scrutiny over transparency.
Anchorage Digital serves as the issuer for USAT. It&#x27;s the first federally chartered digital asset bank in the United States. That lends regulatory legitimacy to the project.
&quot;Anchorage Digital Bank sets a clear standard of accountability,&quot; Tether CEO Paolo Ardoino said in a statement. He described USAT as part of &quot;the next chapter of digital dollars in the United States.&quot; The company&#x27;s framing it as a combination: Tether&#x27;s global scale meets Anchorage&#x27;s federally regulated status.
Bo Hines leads the USAT initiative for Tether. He&#x27;s a former White House digital assets official. His involvement signals Tether&#x27;s efforts to navigate the increasingly regulated U.S. stablecoin landscape. The GENIUS Act introduced stricter reserve requirements for dollar-backed tokens. Timing matters.
Deloitte&#x27;s attestation is significant. But it comes with limitations. The report provides only a point-in-time snapshot of USAT&#x27;s reserves. It doesn&#x27;t cover daily reserve management practices. This approach mirrors the firm&#x27;s existing work with Circle. Deloitte&#x27;s employed for similar attestations on USDC.
U.S. lawmakers are intensifying focus on stablecoin regulation. The GENIUS Act imposes rigorous standards on reserve composition and custody. It&#x27;s pushing issuers toward greater transparency. Domestic oversight isn&#x27;t optional anymore.
Tether built a dominant position in global crypto markets with USDT. But it&#x27;s struggled with regulatory acceptance in the U.S. USAT represents an attempt to align with American compliance standards. Tether&#x27;s not abandoning its existing operations.
The $17.6 million in initial reserves is relatively modest. USAT&#x27;s in early stages. Tether&#x27;s likely testing regulatory waters before committing significant capital.
Can the company leverage Anchorage&#x27;s federal charter and Deloitte&#x27;s attestation? Can it overcome years of skepticism from U.S. regulators? That remains an open question. The stablecoin market continues consolidating around compliance-focused players.

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<figure class="wp-block-image size-large"><img width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2026/02/09114300/News-Tether-Launches-USAt-Stablecoin-for-American-Market_1-375x212.webp 375w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2026/02/09114300/News-Tether-Launches-USAt-Stablecoin-for-American-Market_1-662x374.webp 662w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2026/02/09114300/News-Tether-Launches-USAt-Stablecoin-for-American-Market_1.webp 686w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2026/02/09114300/News-Tether-Launches-USAt-Stablecoin-for-American-Market_1-662x374.webp" alt="" class="wp-image-9219" /></figure>


Tether has partnered with Anchorage Digital to launch USAT. It's a U.S.-regulated dollar stablecoin. The reserves? Backed by the first attestation from Deloitte.
This marks a strategic shift for the embattled stablecoin issuer. Tether's seeking credibility in the American market. Federal oversight is getting stricter.
Deloitte's <a href="https://learn.anchorage.com/01.31.26_USAT-Stablecoin-Attestation-Report.pdf?_gl=1*gucand*_gcl_au*MTQyMzE5OTEzLjE3NzI0NjM2OTg." target="_blank" rel="noopener">report</a> shows USAT held $17.6 million in reserves as of January 31. The money's stored entirely in U.S. cash and Treasuries. All at domestic financial institutions.
The attestation represents a departure from Tether's past. USDT reserves have been historically opaque. That's drawn persistent scrutiny over transparency.
Anchorage Digital serves as the issuer for USAT. It's the first federally chartered digital asset bank in the United States. That lends regulatory legitimacy to the project.
"Anchorage Digital Bank sets a clear standard of accountability," Tether CEO Paolo Ardoino said in a statement. He described USAT as part of "the next chapter of digital dollars in the United States." The company's framing it as a combination: Tether's global scale meets Anchorage's federally regulated status.
Bo Hines leads the USAT initiative for Tether. He's a former White House digital assets official. His involvement signals Tether's efforts to navigate the increasingly regulated U.S. stablecoin landscape. The GENIUS Act introduced stricter reserve requirements for dollar-backed tokens. Timing matters.
Deloitte's attestation is significant. But it comes with limitations. The report provides only a point-in-time snapshot of USAT's reserves. It doesn't cover daily reserve management practices. This approach mirrors the firm's existing work with Circle. Deloitte's employed for similar attestations on USDC.
U.S. lawmakers are intensifying focus on stablecoin regulation. The GENIUS Act imposes rigorous standards on reserve composition and custody. It's pushing issuers toward greater transparency. Domestic oversight isn't optional anymore.
Tether built a dominant position in global crypto markets with USDT. But it's struggled with regulatory acceptance in the U.S. USAT represents an attempt to align with American compliance standards. Tether's not abandoning its existing operations.
The $17.6 million in initial reserves is relatively modest. USAT's in early stages. Tether's likely testing regulatory waters before committing significant capital.
Can the company leverage Anchorage's federal charter and Deloitte's attestation? Can it overcome years of skepticism from U.S. regulators? That remains an open question. The stablecoin market continues consolidating around compliance-focused players.

Tether Unveils USAT in Partnership with Anchorage and Deloitte

Tether partners with Anchorage Digital to launch USAT, a U.S.-regulated stablecoin with Deloitte attestation. $17.6M in reserves marks regulatory shift.