Tether, Anchorage-issued USAT completes first proof of reserves via Deloitte

USAT, a U.S. regulatory-compliant stablecoin launched by Tether and issued by Anchorage Digital, has completed its first proof of reserves with Big Four accounting firm Deloitte, Decrypt reported. The report confirmed that as of Jan. 31, USAT's reserves of $17.6 million exceeded its circulating supply of $17.5 million. The stablecoin was launched in late January.