USA₮ circulation reached 175.73 million tokens as of August 31, marking a nearly tenfold increase from 17.5 million at the end of January, according to a reserve report by Anchorage Digital Bank. Total reserve assets stood at $176.4 million, exceeding circulating token value by $660,000.
The stablecoin is issued by federally chartered Anchorage Digital Bank with backing from Tether and operates in compliance with the GENIUS Act. The latest figures demonstrate rapid adoption and fully backed reserves for the regulated dollar-pegged token.
USA₮ Circulation Surges Nearly 10x to $175.73 Million Since January
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