Anchorage Digital Bank has released the first reserve proof for USAT, Tether's US dollar stablecoin, showing that as of January 31, the token is backed by $17.6 million in assets. These reserves are held in separate trust accounts, including US dollar cash and reverse repurchase agreements collateralized by U.S. Treasury bonds, exceeding the circulating supply by approximately 0.6%. USAT was launched in January this year under the supervision of the Office of the Comptroller of the Currency (OCC) and is Tether's compliant USDT alternative introduced under the 2025 GENIUS Act. Tether CEO Paolo Ardoino stated that the demand for a stable, dollar-backed digital asset in the U.S. market has driven this development.