Anchorage Digital Bank N.A. released the USA₮ reserve report covering the period ending May 31, 2026, showing 156,516,514 tokens outstanding backed by $157,033,006 in reserves. The report, prepared under AICPA 2025 Criteria for Stablecoin Reporting, demonstrates a $516,492 surplus and documents token circulation growth from 22,050,123 in March to 140,850,950 in April. USA₮ operates through OCC supervised rails with segregated reserve accounts, positioning it within the U.S. regulatory framework as formal stablecoin legislation advances.
USA₮ Token Circulation Grows from March to May 2026
USA₮ had 22,050,123 tokens outstanding at the end of March 2026. By the end of April, that number reached 140,850,950. By May 31, it climbed to 156,516,514. The month-over-month increase from April to May was 15,665,564 tokens. Reserve assets rose from $141,178,400 in April to $157,033,006 in May, an increase of approximately $15.85 million. The surplus grew from $327,450 in April to $516,492 in May.
Anchorage Digital Bank Operates Under AICPA 2025 Reporting Standards
The report was prepared under the AICPA's 2025 Criteria for Stablecoin Reporting, the current U.S. professional benchmark for stablecoin transparency. This framework provides a common structure for evaluating reserve quality, segregation, and disclosure. USA₮ is issued through OCC supervised rails, with reserves held in segregated accounts. The Office of the Comptroller of the Currency provides federal oversight.
USA₮ Issued Through OCC Supervised Federal Charter
Anchorage Digital Bank N.A. is the first crypto-native bank to receive a federal charter from the OCC. This charter subjects Anchorage to compliance, audit, and governance requirements that apply to federally chartered banks. USA₮ was built for the U.S. market through collaboration between Tether and Anchorage Digital Bank. Tether CEO Paolo Ardoino stated: "The market needs digital dollars that can scale, remain fully backed, and meet the standards expected of the financial system." Bo Hines, CEO of Tether USA₮, said: "After a major increase in circulation, the important question is whether tokens outstanding, reserves, and surplus backing continue to move together. This report shows that they do."
USA₮ Carries No FDIC or SIPC Insurance
USA₮ is not legal tender under U.S. law and is not issued, backed, or guaranteed by the federal government. It is not subject to insurance protections of the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC). The issuer of record is Anchorage Digital Bank, N.A. These disclosures appear in every USA₮ reserve report.
FAQ
What is the total number of USA₮ tokens outstanding as of May 31, 2026?
There were 156,516,514 USA₮ tokens outstanding as of 11:59:59 p.m. UTC on May 31, 2026, an increase of 15,665,564 from the 140,850,950 recorded in April 2026.
How does USA₮ ensure its reserves back the tokens?
USA₮ maintains reserves held in segregated accounts that exceed the total token supply at every reporting interval. As of May 31, 2026, reserves totaled $157,033,006 against 156,516,514 tokens outstanding, a surplus of $516,492. Disclosures are prepared under the AICPA 2025 Criteria for Stablecoin Reporting.
Is USA₮ insured by the FDIC or SIPC?
No. USA₮ is not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC), and it is not issued or guaranteed by the U.S. government. It is issued by Anchorage Digital Bank, N.A. under OCC federal bank supervision.
