Anchorage Digital Bank has released its monthly reserve report for USA₮ as of February 28, showing a circulation of 19,001,496 tokens. This marks an increase of 1,500,105 tokens from January's 17,501,391, representing a month-over-month growth of approximately 8.6%. The total reserve assets amount to $19.1466 million, exceeding the corresponding liabilities by $145,100, indicating an improved excess reserve level compared to the previous month.
The reserve assets are composed of U.S. dollar cash and reverse repurchase agreements backed by U.S. Treasury securities. All USA₮ tokens are redeemable at a 1:1 ratio with the U.S. dollar. USA₮ is issued by Anchorage Digital Bank under the supervision of the Office of the Comptroller of the Currency (OCC).
Anchorage Digital Bank Reports 8.6% Increase in USA₮ Circulation
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