Tether taps Deloitte for first USAT reserve report
By Francisco Rodrigues
Published on March 3, 2026.
T, a leading stablecoin issuer, has secured a third-party endorsement from Deloitte for the first reserve report for its new USAT token. The report, which was prepared by Anchorage Digital Bank, reported $17.6 million in reserve assets backing 17.5 million USAT tokens. The total market capitalization of the stablecoin sector is rapidly growing, with Tether's USDT making up $183 billion of that. This approval follows the passage of the Genius Act last summer, which restricts the types of assets that can back stablecoins and requires larger issuers to move under federal oversight.
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