USDT Reserves Announced at $175.91 Million
Anchorage Digital Bank has announced that the reserves for USDT at the end of July amounted to $175,906,606. Based on the number of redeemable tokens, the reserves exceeded $661,079. The reference point is August 1, 2026, at 8:59:59 AM KST, with the number of redeemable tokens at that time being 175,245,527. The reserves consist of $17,507,606 in cash and $158,399,000 in U.S. Treasury collateralized reverse repurchase agreements. These assets are held in a segregated trust account for USDT token holders. This document is a regular reserve disclosure, published monthly, prepared according to AICPA standards, and verified by a major independent accounting firm. USDT was launched on January 27, 2026, and the issuing entity is Anchorage Digital Bank. Tether participates in the trademark and collaborative structure of USDT but has no obligation for issuance or redemption. The circulation at the end of July decreased compared to the end of June, but the excess reserves increased. The Genius Act related to the regulation of stablecoins in the U.S. was approved on July 18, 2025, allowing only 1:1 reserves and highly liquid assets. Issuance and redemption are available only to customers of Anchorage Digital Bank.
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